UK extends sanctions against Russian 'ghost fleet'

The United Kingdom announced today new sanctions against the "ghost fleet" used by Russia to export oil, this time against 135 vessels suspected of being part of that fleet.

These tankers are part of a "fleet responsible for the illicit transport of goods worth $24 billion (€20.5 billion) since the beginning of 2024", the British Foreign Office said in a statement.

Two companies involved in oil transportation were also targeted, he added.

"While [Russian President Vladimir] Putin continues to delay and delay serious peace negotiations, we will not stand idly by. We will continue to use the full force of our sanctions regime to increase economic pressure," said British Foreign Secretary David Lammy.

This measure came after the reduction of the crude oil price cap by the United Kingdom and the European Union, announced on Friday, to reduce oil revenues used by Russia for military spending in the war against Ukraine.

The Russian offensive against Ukraine has been ongoing for more than three years, and the attacks intensified this summer. US-led negotiations have so far failed to end the fighting.

Ukraine has been relying on financial and weapons aid from Western allies since Russia invaded the country on February 24, 2022.

Kyiv's allies have also imposed sanctions on key sectors of the Russian economy to try to reduce Moscow's ability to finance the war effort in Ukraine.

The United Kingdom announced today new sanctions against the "ghost fleet" used by Russia to export oil, this time against 135 vessels suspected of being part of that fleet.

These tankers are part of a "fleet responsible for the illicit transport of goods worth $24 billion (€20.5 billion) since the beginning of 2024", the British Foreign Office said in a statement.

Two companies involved in oil transportation were also targeted, he added.

"While [Russian President Vladimir] Putin continues to delay and delay serious peace negotiations, we will not stand idly by. We will continue to use the full force of our sanctions regime to increase economic pressure," said British Foreign Secretary David Lammy.

This measure came after the reduction of the crude oil price cap by the United Kingdom and the European Union, announced on Friday, to reduce oil revenues used by Russia for military spending in the war against Ukraine.

The Russian offensive against Ukraine has been ongoing for more than three years, and the attacks intensified this summer. US-led negotiations have so far failed to end the fighting.

Ukraine has been relying on financial and weapons aid from Western allies since Russia invaded the country on February 24, 2022.

Kyiv's allies have also imposed sanctions on key sectors of the Russian economy to try to reduce Moscow's ability to finance the war effort in Ukraine.

The United Kingdom announced today new sanctions against the "ghost fleet" used by Russia to export oil, this time against 135 vessels suspected of being part of that fleet.

These tankers are part of a "fleet responsible for the illicit transport of goods worth $24 billion (€20.5 billion) since the beginning of 2024", the British Foreign Office said in a statement.

Two companies involved in oil transportation were also targeted, he added.

"While [Russian President Vladimir] Putin continues to delay and delay serious peace negotiations, we will not stand idly by. We will continue to use the full force of our sanctions regime to increase economic pressure," said British Foreign Secretary David Lammy.

This measure came after the reduction of the crude oil price cap by the United Kingdom and the European Union, announced on Friday, to reduce oil revenues used by Russia for military spending in the war against Ukraine.

The Russian offensive against Ukraine has been ongoing for more than three years, and the attacks intensified this summer. US-led negotiations have so far failed to end the fighting.

Ukraine has been relying on financial and weapons aid from Western allies since Russia invaded the country on February 24, 2022.

Kyiv's allies have also imposed sanctions on key sectors of the Russian economy to try to reduce Moscow's ability to finance the war effort in Ukraine.