UK Introduces New Sanctions Targeting Russia’s Shadow Fleet, Oil and Defense Industry
The United Kingdom has announced a new package of sanctions targeting Russia’s shadow fleet, oil companies, financial networks and suppliers of goods used by the Russian defense industry, UATV English reports. The measures target 38 individuals and entities, including Russian oil companies Zarubezhneft and INK Capital. The UK Foreign Office said Britain is now the first G7 country to sanction all…
The United Kingdom has implemented fresh sanctions targeting Russia's shadow fleet, oil industry, financial networks, and defense suppliers, according to UATV English. The measures aim to reduce Russia's oil revenues and disrupt networks that facilitate the circumvention of existing sanctions. The UK is now the first G7 nation to sanction all four of Russia's largest oil companies, affecting over 90% of the nation's oil production capacity.
The package also includes sanctions on 17 individuals and entities accused of supplying Russia with high-priority goods like machine tools, electronics, and materials for ballistic missiles, drones, and other military equipment. Additionally, 12 oil tankers have been added to the sanctions list, with the total number of Russian shadow-fleet vessels under UK sanctions now exceeding 600.
These vessels are used to evade sanctions by transporting Russian oil through deceptive practices and false flags. The financial networks sanctioned by Britain consist of three cryptocurrency exchanges, two payment platforms, and an individual linked to the A7 financial network, which reportedly processed over $90 billion in transfers last year.
The UK Foreign Office emphasized that those aiding Russia's war financing or military equipment provision will be held accountable.
Written by urgent.news from UATV English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
