Finance
Zelenskiy: Sanctions on Russian oil significantly affect Moscow's war financing
Published by Global Banking & Finance Review®
Posted on January 11, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 11, 2025
1 min readLast updated: January 27, 2026
New sanctions on Russian oil by the U.S. and UK significantly impact Moscow's war financing, says Ukrainian President Zelenskiy.
(Reuters) - Ukrainian President Volodymyr Zelenskiy on Friday welcomed new U.S. sanctions against Russia's oil sector and its so-called shadow tanker fleet.
"These measures deliver a significant blow to the financial foundation of Russia's war machine by disrupting its entire supply chain," he said on X.
Zelenskiy, writing later on X, expressed thanks for British sanctions imposed on Russian oil companies, saying that London "delivers yet another significant disruption to (Russian President Vladimir) Putin's ability to finance aggression".
"We value the UK’s continued efforts to obstruct Russia’s shadow fleet operations, which remain a critical part of its oil trade," he wrote.
(Reporting by Yuliia Dysa and Ron Popeski; Editing by Kevin Liffey and Alistair Bell)
Zelenskiy welcomed the new U.S. sanctions against Russia's oil sector, stating they deliver a significant blow to the financial foundation of Russia's war machine.
The sanctions disrupt the entire supply chain of Russia's oil trade, which is crucial for financing its military operations.
Zelenskiy expressed gratitude for the UK's sanctions on Russian oil companies, emphasizing their importance in obstructing Russia's shadow fleet operations.
The shadow tanker fleet is a critical part of Russia's oil trade, and efforts to disrupt its operations are seen as vital by Zelenskiy.
The article was reported by Yuliia Dysa and Ron Popeski, with editing by Kevin Liffey and Alistair Bell.
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