Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway
    Headlines

    UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway

    UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway

    Published by Global Banking and Finance Review

    Posted on May 8, 2025

    Featured image for article about Headlines

    OSLO/LONDON (Reuters) -Britain will sanction up to 100 oil tankers from Russia's so-called shadow fleet, seeking to step up pressure on Moscow in the war with Ukraine as leaders from the Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday.

    The vessels carried cargo worth over $24 billion since the beginning of last year, with some ships also involved in damaging critical infrastructure, Britain said.

    The sanctions would represent Britain's largest package of measures against the shadow fleet, Prime Minister Keir Starmer's office said. It did not provide further detail but similar sanctions previously have restricted or prohibited the movement of shadow fleet vessels and their access to some British ports.

    Starmer will announce the measures at a summit of JEF leaders in Oslo. Founded in 2014, the British-led group of 10 northern European nations including Denmark, the Netherlands, Finland and Sweden, acts as a supplement to wider cooperation through the NATO military alliance.

    "Every step we take to increase pressure on Russia and achieve a just and sustainable peace in Ukraine is another step towards security and prosperity in the UK," Starmer said.

    "We will do everything in our power to destroy (President Vladimir Putin's) shadow fleet operation, starve his war machine of oil revenues and protect the subsea infrastructure that we rely on for our everyday lives."

    The vessels are suspected of damaging undersea infrastructure in Europe, including power lines, cables and pipelines in the Baltic Sea. Nordic and Baltic nations, alarmed by rising sabotage risks, have pressed for action.

    JEF nations have been steadfast supporters of Ukraine, with many spooked by Russia's invasion of its smaller neighbour. Sweden and Finland have also joined NATO, upending decades of non-alignment.

    Summit host Norway is a top exporter of gas to Britain and continental Europe, delivered via its 8,800-kilometre (5,468-mile) North Sea pipeline network, which is surveilled by NATO navy patrols to protect against sabotage.

    ($1 = 0.7497 pounds)

    (Reporting by Sam Tabahriti in London and Gwladys Fouche in Oslo; Editing by Sachin Ravikumar)

    Related Posts
    Spanish city evicts hundreds of migrants from occupied building
    Spanish city evicts hundreds of migrants from occupied building
    US confirms tariff elements of trade deal with Switzerland
    US confirms tariff elements of trade deal with Switzerland
    Swedish explosives start-up gets permit for TNT factory
    Swedish explosives start-up gets permit for TNT factory
    Roblox gaming platform says it is ready to make changes to get Russian ban lifted
    Roblox gaming platform says it is ready to make changes to get Russian ban lifted
    Italy, France say it's 'premature' to sign EU-Mercosur trade deal
    Italy, France say it's 'premature' to sign EU-Mercosur trade deal
    Germany warns against jeopardizing peace after Trump's Venezuela tanker blockade
    Germany warns against jeopardizing peace after Trump's Venezuela tanker blockade
    Analysis-Gold forecast to glitter again next year despite biggest gain since 1979
    Analysis-Gold forecast to glitter again next year despite biggest gain since 1979
    UK police plan tougher action against antisemitic chants and protests
    UK police plan tougher action against antisemitic chants and protests
    Explainer-What's next for the Gaza ceasefire and will the truce last?
    Explainer-What's next for the Gaza ceasefire and will the truce last?
    Warner Bros Discovery board rejects rival bid from Paramount
    Warner Bros Discovery board rejects rival bid from Paramount
    UK tells Abramovich to give Chelsea sale cash to Ukraine or face court
    UK tells Abramovich to give Chelsea sale cash to Ukraine or face court
    European parliament approves citizens' initiative to help abortion access across EU
    European parliament approves citizens' initiative to help abortion access across EU

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    UK's Duke of Marlborough charged with intentional strangulation

    UK's Duke of Marlborough charged with intentional strangulation

    Ukraine says it controls 90% of Kupiansk, Russia denies it

    Ukraine says it controls 90% of Kupiansk, Russia denies it

    Freed Nobel laureate Bialiatski sees Belarus sliding back to Soviet times

    Freed Nobel laureate Bialiatski sees Belarus sliding back to Soviet times

    Cyberattack on French interior ministry's email servers compromised more than 20 files

    Cyberattack on French interior ministry's email servers compromised more than 20 files

    WTO chair rules out reform deal at next major meeting, document shows

    WTO chair rules out reform deal at next major meeting, document shows

    EU Parliament approves phase out of Russian gas imports

    EU Parliament approves phase out of Russian gas imports

    Putin says Russia will achieve war goals, keep expanding 'buffer zone'

    Putin says Russia will achieve war goals, keep expanding 'buffer zone'

    Italy's Meloni says it's still 'premature' to sign EU-Mercosur trade deal

    Italy's Meloni says it's still 'premature' to sign EU-Mercosur trade deal

    Russian attack on Ukraine's Zaporizhzhia injures 26, governor says

    Russian attack on Ukraine's Zaporizhzhia injures 26, governor says

    Decline in UK industrial orders eases slightly, CBI says

    Decline in UK industrial orders eases slightly, CBI says

    Italy's Meloni says using frozen Russian assets for Ukraine 'far from easy' ahead of EU summit

    Italy's Meloni says using frozen Russian assets for Ukraine 'far from easy' ahead of EU summit

    UK removes duplicate entries from sanctions lists, designations remain in place

    UK removes duplicate entries from sanctions lists, designations remain in place

    View All Headlines Posts
    Previous Headlines PostChina, Russia vow to strengthen cooperation on international law matters, state media reports
    Next Headlines PostUS commerce chief says dozens of trade deals to be rolled out over next month