Headlines
UK targets 135 Russian 'shadow fleet' tankers with fresh sanctions
Published by Global Banking & Finance Review®
Posted on July 21, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 21, 2025
2 min readLast updated: January 22, 2026
The UK has sanctioned 135 Russian tankers to disrupt oil revenues, targeting the shadow fleet. The sanctions also affect Intershipping Services and Litasco Middle East.
LONDON (Reuters) -Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.
The oil tankers are critical to Russia's energy and oil sectors, with the British government saying they form part of the fleet responsible for carrying $24 billion worth of cargo since the start of 2024.
Foreign minister David Lammy said the new sanctions would further "dismantle" Russian President Vladimir Putin's so-called "shadow fleet and drain Russia's war chest of its critical oil revenues".
The government said Intershipping Services LLC is responsible for registering vessels under the Gabonese flag, enabling them to transport up to $10 billion worth of goods annually on behalf of the Russian state.
Sanctions were also imposed on Litasco Middle East DMCC for its continued role in shipping large volumes of Russian oil, the government said.
The Russian embassy in London did not immediately respond to a Reuters request for comment on the latest sanctions. Moscow has previously called Western sanctions illegal and said they destabilise global energy markets.
On Friday, the European Union agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
As part of that, the EU and Britain set out plans to lower the crude oil price cap from $60 per barrel to $47.60 to disrupt Russia's oil revenues.
(Reporting by Muvija M, writing by Sam Tabahriti, editing by Catarina Demony)
The new sanctions aim to dismantle Russia's 'shadow fleet' and drain its critical oil revenues, further impacting President Vladimir Putin's war efforts.
The sanctions target two Russian firms, Intershipping Services LLC and Litasco Middle East DMCC, for their roles in facilitating Russian oil transport.
The Russian embassy did not immediately respond to requests for comment, but has previously labeled Western sanctions as illegal and destabilizing.
The European Union recently agreed on an 18th package of sanctions against Russia, which includes measures aimed at further disrupting the Russian oil and energy industry.
The EU and the UK have set plans to lower the crude oil price cap from $60 per barrel to $47.60 to further disrupt Russia's oil revenues.
Explore more articles in the Headlines category
