Finance
UK sanctions 20 'shadow fleet' ships carrying Russian oil
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
UK sanctions 20 ships for evading Russian oil restrictions, targeting Russia's shadow fleet. Emergency support for Ukraine's energy grid announced.
LONDON (Reuters) - Britain on Tuesday sanctioned 20 ships that it said were using illicit practices to avoid sanctions on Russian oil, its latest measures targeting Russia's so-called shadow fleet of vessels.
"As (Russian President Vladimir) Putin's oil revenues continue to fuel the fires of his illegal war, Ukrainian families are enduring cold, dark nights, often without heating, light or electricity, targeted by Russia's relentless missile attacks," British Prime Minister Keir Starmer said.
"These sanctions will add further pressure to Putin's stalling war economy."
The ships sanctioned include Ocean Faye, Andaman Skies and Mianzimu, which have each carried more than 4 million barrels of Russian oil this year, Britain's government said.
The measures restrict or prohibit their movement and access to some British ports.
On Monday Britain and 11 other Western nations agreed measures to "disrupt and deter" Russia's shadow fleet.
Starmer also announced 35 million pounds ($44 million) of emergency support to help Ukraine repair its energy grid.
($1 = 0.7879 pounds)
(Reporting by Sachin Ravikumar; editing by William James)
The main topic is the UK's sanctions on 20 ships for evading Russian oil restrictions as part of efforts to pressure Russia's economy.
The sanctions restrict the movement of ships involved in illicit practices, aiming to disrupt Russia's shadow fleet and reduce its oil revenues.
The UK announced 35 million pounds in emergency support to help Ukraine repair its energy grid amid ongoing missile attacks.
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