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 cut off billions in oil revenue that Russia uses to fund its war efforts, particularly in Ukraine. The sanctions also target trading arms and shipping companies linked to Russia’s energy sector, including Lukoil’s Dubai-based unit. This move is part of a broader Western effort, in coordination with the EU, to disrupt the infrastructure supporting Russia’s oil exports and tighten enforcement of existing sanctions.
Analysts say 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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