US Edition
Britain Strengthens Sanctions on Russian Firms
UNITED KINGDOM, JUL 21 – The UK targets 135 tankers and two Russian firms linked to illicit oil shipments worth $24 billion since early 2024 to cut funding for Russia's war in Ukraine.
- The UK has sanctioned 135 oil tankers in Russia's shadow fleet to disrupt funding for the war in Ukraine, according to the UK government.
- Since the invasion of Ukraine in February 2022, hundreds of vessels have been sanctioned by the European Union and the UK.
- The sanctions also target Intershipping Services LLC and Litasco Middle East DMCC for their roles in handling Russian oil shipments.
- According to Allianz, the shadow fleet now makes up about 17 percent of all global tanker tonnage.
57 Articles
57 Articles
UK Says Crypto Sector Likely Under Reporting Sanction Breaches
Crypto companies in the U.K. have almost certainly been under-reporting breaches of financial sanctions since as far back as 2022, the Office of Financial Sanctions Implementation (OFSI) said in a Monday report, as the nation imposed more sanctions on Russia.The report, which is a sanctions threat assessment focused entirely on crypto, said most of the non-compliance by U.K. crypto firms was likely to be inadvertent and resulted from exposure to…
The British Sea announced, in months, new sanctions against the "fantom fleet" used by Russia to export its oil, referring to this date 135 ships suspected to be part of it.
On 21 July, the United Kingdom announced new sanctions against Russia, and according to British Foreign Minister David Lammy, the sanctions are to "loss Russia's important oil revenues that it uses to finance the war" against Ukraine.
The United Kingdom has imposed 137 new sanctions targeting the Kremlin's oil revenues, Ukrainian President Vladimir Putin's chief of staff Andriy Yermak said.
UK targets 135 Russian 'shadow fleet' tankers with fresh sanctions
Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
