The United Kingdom has announced a major new wave 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. The move aims to disrupt the flow of billions of dollars in oil revenue that helps fund Russia’s war effort in Ukraine. The sanctions also target trading arms and shipping companies linked to Russia’s energy sector, including Lukoil’s Dubai-based unit. This coordinated effort, supported by the EU, is designed to tighten enforcement and close loopholes in the global sanctions regime. Analysts say the crackdown could have significant impacts on global shipping and insurance markets, as well as Russia’s ability to finance its military operations.
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