The @Kyivpost_official.
“New sanctions will further dismantle Putin’s shadow fleet and drain Russia’s war chest of its critical oil revenues,” Lammy said in an official statement.
The UK has issued multiple sanctions targeting the shadow fleet already.
Among the targets of the new sanctions are 135 vessels that have transported an estimated $24 billion worth of Russian oil since early 2024.
The UK also blacklisted Intershipping LLC, which it said helped Russia disguise these tankers under Gabonese flags, and Litasco Middle East DMCC, an oil trader linked to Lukoil.
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Lammy said the new sanctions would disrupt the flow of money into Putin’s war machine “as he continues to stall and delay on serious peace talks.”
The crackdown comes as the UK and European Union tighten enforcement of the oil price cap, a key Western effort to curb Russia’s revenues while keeping global supply steady
According to UK officials, shadow fleet vessels have become a critical loophole, allowing Moscow to sell oil above the $60-per-barrel cap by rerouting cargoes through murky intermediaries.
The move adds to mounting economic pressure on Moscow, which is already grappling with labor shortages, inflation, and rising debt as the war drags into its third year.
Lammy pledged the UK would “continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn and stand side by side with Ukraine.”
The UK has sanctioned over 2,000 individuals and entities since the start of Russia’s full-scale invasion in February 2022, while the EU has issued over 2,500 sanctions.
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