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Australia Joins G7 to Sanction 60 Ships in Russia’s Shadow Fleet

The measures aim to cut off oil revenue that sustains Russia’s war in Ukraine.

Vessels linked to Russia are subject to Australian sanctions for the first time, but some experts say the new move is largely symbolic.
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Overview

  • Australia imposed sanctions on 60 aging oil tankers used to smuggle crude past Western price caps.
  • Canberra coordinated with the United Kingdom, European Union and Canada under a broader G7 strategy to tighten restrictions on covert shipping.
  • The shadow fleet relies on flag‐hopping, disabled tracking systems and opaque ownership structures to disguise its cargoes.
  • Economists at the KSE Institute estimate these tankers help Russia bypass price caps on a significant share of its exports, generating billions in extra revenue.
  • The fleet has been linked to undersea cable damage in the Baltic Sea, prompting NATO allies to bolster maritime security.