The United Kingdom has imposed sweeping new sanctions targeting Russia's so-called 'shadow fleet'—a network of over 135 oil tankers used to secretly transport Russian oil and evade existing international restrictions. These measures, coordinated with the European Union, also target two Russian-linked companies and aim to cut off billions in oil revenue that fund Russia's war efforts in Ukraine. The sanctions are designed to disrupt the infrastructure supporting Russia's illicit oil trade, making it harder for Moscow to bypass price caps and export controls. Analysts say this move will significantly impact Russia's ability to finance its military operations and could reshape global shipping dynamics. The UK government describes the action as a decisive step to 'drain Putin's war chest' and enforce stricter compliance with Western sanctions.
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