The United Kingdom has announced a major new wave of 137 sanctions targeting Russia’s so-called 'shadow fleet'—a network of 135 oil tankers and two companies used to secretly transport Russian oil and evade existing international restrictions.
These measures aim to disrupt the flow of oil revenues that help fund Russia’s war effort in Ukraine, with the targeted tankers reportedly moving $24 billion worth of oil since early 2024. The sanctions also hit Lukoil’s Dubai-based trading arm and a UAE-based shipping company managing flag registries used by the shadow fleet. This coordinated action, supported by the EU, marks a significant escalation in Western efforts to enforce sanctions and close loopholes exploited by Russia.
Analysts say the crackdown could further strain Russia’s energy sector and complicate global shipping operations.
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