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Financial Crime, Russia, Sanctions, UK

NEWS: UK announces new Russia sanctions targeting the country’s ‘shadow fleet’

A view shows Panama-flagged vessel "Eventin" off the shore of Sassnitz, Germany, April 16, 2025. REUTERS/Tobias Schlie

By ​William James

BRITAIN’S Foreign Office has announced new sanctions targeting ‘shadow fleet’ entities it said ​were involved in the production or transport of ‌Russian oil, facilitating military manufacturing and circumventing financial services sanctions.

The 38 new designations are part of Britain’s effort to squeeze ​Russia’s ability to fund and equip its war ​in Ukraine, targeting the oil revenue, financial channels ⁠and military supply chains that sustain Moscow’s war economy.

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