The new measures target up to 100 oil tankers that the West claims are part of a Russian “shadow fleet”
The British government has announced its “largest-ever” sanctions package against Russia, according to an official statement. The measure aim to deal a blow to the Russia’s oil transportation network and reduce Moscow’s energy revenues.
The announcement was timed to coincide with Russia’s celebration of the 80th anniversary of the defeat of Nazi Germany on Friday.
London, one of Kiev’s staunchest supporters – providing it with military and tactical support and billions in cash – has long claimed that Moscow poses a threat to the UK’s national security. Various British governments have implemented over 2,000 sanctions against Russian individuals and entities, since the escalation of the Ukraine conflict over three years ago.
“The threat Russia poses to our national security cannot be underestimated. To ramp up the pressure on Putin, I’m announcing the largest package of sanctions yet,” Prime Minister Keir Starmer wrote on X.
Read more Russian oil exports edge higher – BloombergThe new measures blacklist up to 100 oil tankers that the West claims are part of a Russian “shadow fleet,” older vessels operating outside Western insurance systems. According to London, the vessels have carried more than $24 billion worth of cargo since the start of 2024. The EU and the US have also targeted Russian shipping and a 17th European sanctions package that would blacklist another 150 ships is expected to be approved later this month.
Moscow has dismissed the restrictions as a “futile” gesture that will not harm the Russian economy, but instead drive-up energy costs and inflation across Europe. Russia’s oil revenues have remained robust thanks to non-Western buyers, such as China and India. Last month, the Russian Embassy in London urged the British government to stop “theatrical and short-lived gestures of hostility towards Russia.”
The UK has also accused the vessels of posing a threat to critical undersea infrastructure, such as telecommunications cables and oil and gas pipelines, dismissed by Moscow as “hastily concocted fantasy stories.”
London’s tough sanctions rhetoric comes as Britain, along with the EU, is being sidelined from the peace process around Ukraine.
READ MORE: EU and UK preparing naval blockade of Russia – Putin aide
A key London meeting on the conflict was downgraded last month after US Secretary of State Marco Rubio canceled his attendance. US President Donald Trump has also floated the idea of a possible partial lifting of restrictions on Moscow as part of a possible peace settlement.
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