The United Kingdom has imposed a major new round of sanctions targeting Russia's so-called 'shadow fleet'—a network of 135 oil tankers and two associated companies used to secretly transport Russian oil and evade existing international restrictions.
These measures aim to disrupt the flow of billions of dollars in oil revenue that help fund Russia's war effort in Ukraine. The sanctions also target companies involved in flag registries and oil trading, tightening the net around the infrastructure supporting Russia's illicit oil exports. The move is part of a broader Western effort, coordinated with the EU, to cripple Russia's energy sector and enforce compliance with global sanctions.
Analysts note that the crackdown could have significant impacts on global shipping and insurance markets, as well as on Russia's ability to finance its military operations.
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