UK Enforces New Sanctions on Russia's Shadow Oil Fleet

The UK government introduced a new series of sanctions targeting Russia's crucial oil sector on Monday. The Foreign, Commonwealth and Development Office (FCDO) aims to restrict Russian President Vladimir Putin's access to oil revenues, allegedly financing the war in Ukraine. The sanctions list includes 137 targets within Russia's energy sector, focusing on the so-called shadow fleet operations.

The shadow fleet, comprising 135 oil tankers, has reportedly carried illicit cargo worth USD 24 billion since the beginning of 2024. Companies like Intershipping Services LLC and Litasco Middle East DMCC are singled out for their roles in registering and moving Russian oil under concealed operations. The UK's latest measures are expected to further dismantle these operations, pressuring Russia's war resources.

As the UK aligns with allies like the EU and the US, it backs a strategic '50-day deadline' for peace negotiations, introduced by President Trump. Meanwhile, UK Defence Secretary John Healey highlighted ongoing military support to Ukraine, strengthening its defense capabilities. The sanctions and military aid are key to enforcing lasting peace in the region.