The UK has sanctioned 30 ships involved in Russia’s shadow fleet to disrupt its oil trade. This move aims to limit Russia’s ability to fund its war in Ukraine by reducing its oil revenue. The UK has taken a leading role in targeting Russia’s shadow fleet, imposing more sanctions than any other country. The UK on Monday sanctioned as many as 30 tankers identified as belonging to Russia’s shadow fleet that circumvents the Western oil sanctions, in the single largest sanctions package aimed at Russia’s dark fleet and at stifling Putin’s oil revenues. The UK imposed sanctions on 30 ships in Russia’s shadow fleet today. These vessels have been responsible for transporting billions of UK pounds worth of oil and oil products in the last year alone. With half of the ships targeted today transporting more than $4.3 billion worth of oil and oil products like gasoline in the last year alone, today is the largest UK package of its kind, the UK government said. The UK hopes that the latest sanctions package “will further constrain the Kremlin’s ability to fund their illegal war in Ukraine and their malign activity worldwide,” the government noted. The sanctions announced today bring the […]