Free Trial

Britain Announces Sanctions Against Russian Shadow Fleet

OIL

Britain imposed its first sanctions against Russia’s shadow fleet used to try and circumvent western sanctions since the invasion of Ukraine.

  • "Today’s action includes the UK’s first sanctions targeting vessels in Putin’s shadow fleet, used by Russia to circumvent UK and G7 sanctions and continue unfettered trade in Russian oil," a government statement said.
  • The measures target four oil tankers that are helping Russia to evade western sanctions, as well as Ingosstrakh Insurance Co.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.