Finance
Western nations agree to 'disrupt and deter' Russia shadow fleet, Estonia says
Published by Global Banking & Finance Review®
Posted on December 16, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 16, 2024
2 min readLast updated: January 27, 2026
Western nations agree to disrupt Russia's shadow fleet to enforce sanctions and increase costs for Moscow, focusing on unregulated vessels.
By Andrius Sytas
TALLINN (Reuters) - Twelve Western countries have agreed measures to "disrupt and deter" Russia's so-called shadow fleet of vessels in order to prevent sanctions breaches and increase the cost to Moscow of the war in Ukraine, Estonia's government said on Monday.
The measures were agreed by Germany, Britain, Poland, the Netherlands, the five Nordic nations and the three Baltic states, said Estonia, where leaders of the 10-nation Joint Expeditionary Force were due to meet on Tuesday.
Western nations have slapped sanctions on a wide range of ships they say are used by Moscow to avoid restrictions on the export of Russian oil and other cargoes. Vessels in the shadow fleet are not regulated or insured by conventional Western providers.
"We are taking concerted steps to deter Russia's shadow fleet and avoid attempts to evade sanctions," Estonian Prime Minister Kristen Michal said in a statement.
Denmark, Sweden, Poland, Finland and Estonia will begin to check insurance documents of ships under suspicion passing through the English Channel, Danish straits, the Gulf of Finland and the sound between Sweden and Denmark, he added.
(Reporting by Andrius Sytas, editing by Terje Solsvik and Ros Russell)
The article discusses Western nations' efforts to disrupt Russia's shadow fleet to enforce sanctions.
Germany, Britain, Poland, the Netherlands, the five Nordic nations, and the three Baltic states.
Countries will check insurance documents of suspicious ships in key waterways.
Explore more articles in the Finance category
