The United Kingdom has imposed a major new round of sanctions targeting Russia's so-called 'shadow fleet'—a network of 135 oil tankers and two associated companies used to secretly transport Russian oil and evade existing international restrictions. These tankers have reportedly moved $24 billion worth of oil since early 2024, providing critical revenue for Russia's war efforts in Ukraine. The sanctions also target entities facilitating the shadow fleet, including shipping and trading firms, and are part of a broader Western effort to disrupt Russia's energy exports and financial flows. The move is expected to further strain Russia's ability to fund its military operations and complicate global shipping markets. Analysts note that enforcement and regulatory challenges remain, but the UK and EU are intensifying efforts to close loopholes and target the networks behind the shadow fleet.
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