Britain Targets Russia's Shadow Fleet with New Sanctions

The UK has sanctioned Russia's 'shadow fleet,' impacting 135 oil tankers and two companies, Intershipping Services LLC and Litasco Middle East DMCC. The move aims to dismantle Russia's oil transport capabilities, significantly affecting its energy sector and reducing crucial oil revenues amid its ongoing conflict with Ukraine.

The United Kingdom stepped up its measures against Russia on Monday, imposing new sanctions on its so-called 'shadow fleet.' The sanctions target 135 oil tankers in addition to two Russian firms: Intershipping Services LLC and Litasco Middle East DMCC.

These oil tankers play a crucial role in Russia's energy and oil sectors. The British government claims they have transported $24 billion worth of cargo since 2024. Foreign Minister David Lammy stated that the sanctions aim to further dismantle President Vladimir Putin's 'shadow fleet' and cut off critical oil revenues feeding Russia's war chest.

The government pointed out that Intershipping Services LLC assists in registering vessels under the Gabonese flag, transporting goods worth up to $10 billion annually for Russia. Sanctions were also placed on Litasco Middle East DMCC, which continues to facilitate the shipping of large volumes of Russian oil. The Russian embassy in London did not respond to a Reuters request for comment, while Moscow has previously labeled such Western sanctions as illegal, claiming they destabilize global energy markets.

(With inputs from agencies.)