HomeNewsWorldUK slaps fresh sanctions on Russian 'shadow fleet'

UK slaps fresh sanctions on Russian 'shadow fleet'

Experts say the so-called ghost fleet of tankers with opaque ownership or without proper insurance has allowed the Kremlin to keep exporting despite the embargo on exports and oil price cap on its global sales.

September 11, 2024 / 16:11 IST
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British Foreign Secretary David Lammy
British Foreign Secretary David Lammy

The British government on Wednesday announced new sanctions on Russia's "shadow fleet" of tankers which Moscow uses to export oil, bypassing a Western embargo imposed after its invasion of Ukraine.

Experts say the so-called ghost fleet of tankers with opaque ownership or without proper insurance has allowed the Kremlin to keep exporting despite the embargo on exports and oil price cap on its global sales.

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The announcement came as Foreign Minister David Lammy travelled to Kyiv in a rare joint trip with US Secretary of State Antony Blinken and as Russia's alleged acquisition of Iranian missiles raised fears.

It is the third time the UK has attempted to crack down on what the foreign ministry  said were "critical revenue sources funding Putin's war machine", bringing the total number of ships sanctioned to 25.