UK Sanctions Russia's Shadow Fleet in Largest Crackdown Yet
The UK targets 30 oil tankers and two insurers in a bid to cut off a major funding source for Russia's war in Ukraine.
- The United Kingdom sanctioned 30 ships in Russia's 'shadow fleet,' responsible for transporting billions of dollars in oil and petroleum products over the past year.
- This marks the largest UK sanctions package against the shadow fleet, bringing the total number of sanctioned vessels to 73—more than any other nation.
- Two Russian insurance companies, Alfastrakhovanie and VSK, were also sanctioned for enabling the fleet's operations.
- The sanctions aim to disrupt Russia's oil revenue, which the UK and its allies say funds the Kremlin's war effort in Ukraine.
- UK Foreign Secretary David Lammy announced the sanctions during a G7 meeting in Italy, urging global partners to maintain pressure on Russia and support Ukraine's resistance.