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 vessels have reportedly moved $24 billion worth of oil since early 2024, providing critical revenue for Russia’s war efforts in Ukraine. The sanctions aim to disrupt Russia’s ability to fund its military by restricting access to global shipping, insurance, and trading services. The UK’s move is part of a broader Western effort, coordinated with the EU, to tighten enforcement and close loopholes in sanctions against Russia’s energy sector.
Analysts say these measures could significantly impact global shipping and oil markets, while raising questions about enforcement and the future of the shadow fleet.
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