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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.
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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.