Today at 15:00
On Monday, the United Kingdom announced a new wave of sanctions against Russia aimed at limiting its revenue from oil transportation and sales.
The announcement was published on the UK government’s official website.
The UK added 135 oil tankers to its sanctions list. These vessels are part of the so-called “shadow fleet” used by Russia to covertly transport oil. According to the British government, the sanctioned tankers have carried $24 billion worth of Russian oil since the beginning of 2024.
In addition, the new sanctions now apply to two companies registered as owners of ships in this shadow fleet. One of the companies is linked to the Russian oil giant Lukoil, the UK government noted.
“These new sanctions strike another blow to Putin’s shadow fleet and deprive Russia of vital oil revenues it uses to fund its war,” said UK Foreign Secretary David Lammy.
The British government emphasized that Western sanctions have reduced Russia’s oil and gas revenues by one-third since 2022.
This latest move by the UK comes shortly after it joined the European Union in lowering the price cap on Russian oil last week.
The EU’s new sanctions package also includes restrictions on 105 shadow fleet vessels, as well as measures targeting banks and companies outside Russia that are involved in supporting its war machine.
