The UK has placed sanctions on 135 oil tankers in Russia’s shadow fleet in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine.
A shipping services company and an oil trading firm were also targeted as part of the crackdown on a fleet “responsible for illicitly carrying $24 billion (€21bn) worth of cargo since the start of 2024,” the British foreign ministry said in a statement.
Security analysts say the fleet of ageing vessels is used by Russia to circumvent international sanctions that ban it from selling oil.
Hundreds of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022.
“New sanctions will further dismantle Putin’s shadow fleet and drain Russia’s war chest of its critical oil revenues,” UK foreign minister David Lammy said.
The action came days after “the UK and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin’s war chest,” the ministry statement added.
London also sanctioned Intershipping Services LLC, a company accused of “registering shadow fleet vessels under the banner of the Gabonese flag” and Litasco Middle East DMCC, linked to Russian oil company Lukoil, “for its ongoing role in moving large volumes of Russian oil on shadow fleet vessels”.
“As Putin continues to stall and delay on serious peace talks, we will not stand idly by,” Mr Lammy said.
“We will continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn.”
Earlier, the UK called for a 50-day drive to arm Ukraine after US President Donald Trump gave Moscow 50 days to strike a peace deal with Kyiv.
He also pledged to supply Ukraine with new military aid, sponsored by NATO allies, as its cities suffer ever-increasing Russian aerial attacks.
