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 are designed to disrupt the flow of billions of dollars in oil revenue that help fund Russia’s war effort in Ukraine. The sanctions also target Lukoil’s Dubai-based trading arm and a UAE-based shipping company, reflecting a broader Western push to crack down on the infrastructure enabling Russia’s illicit oil trade. The move is expected to impact global shipping markets and increase scrutiny on the insurance and registration of vessels linked to Russia.
UK officials say the sanctions aim to further isolate Russia economically and cut off critical funding for President Putin’s regime.
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