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 related companies used to secretly transport Russian oil and evade existing international restrictions. These measures, coordinated with the European Union, aim to choke off billions in oil revenue that Russia uses to fund its war against Ukraine. The sanctions also target companies facilitating the shadow fleet’s operations, including those managing flag registries and trading arms of major Russian oil firms. Analysts say the crackdown could disrupt global shipping and force Russia to find new ways to move its oil. The UK government describes this as a decisive move to 'drain Putin’s war chest' and enforce the international price cap on Russian oil.
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