UK Imposes Sanctions on Russian Oil 'Shadow Fleet' to Target War Funding

The United Kingdom has introduced a new round of sanctions targeting 137 entities connected to Russia's oil export operations, including tankers, shipping companies, and energy firms identified as part of a so-called "shadow fleet" used to bypass Western oil price caps.

UK Foreign Secretary David Lammy announced the measures on Monday, stating that the sanctions are intended to disrupt Russia's ability to fund its war in Ukraine through oil revenues. Lammy said the actions would further dismantle the shadow fleet and reduce Russia's critical oil income.

Among those sanctioned are 135 vessels that, according to UK officials, have transported approximately $24 billion worth of Russian oil since early 2024. The UK also blacklisted Intershipping LLC, accused of helping Russia disguise tankers under Gabonese flags, and Litasco Middle East DMCC, an oil trader linked to Lukoil.

Lammy emphasized that the new sanctions are designed to disrupt the flow of money into Russia's military efforts as the conflict continues. The move comes as the UK and European Union increase enforcement of the oil price cap, which aims to restrict Russian revenues while maintaining global oil supply.

Officials noted that the use of shadow fleet vessels has enabled Russia to sell oil above the $60-per-barrel cap by rerouting shipments through intermediaries. The UK has now sanctioned over 2,000 individuals and entities since the start of Russia's full-scale invasion in February 2022, while the EU has issued more than 2,500 sanctions.