UK Announces New Sanctions On 20 Russian Shadow Fleet Tankers

The UK has announced new sanctions targeting Russia’s oil shipping operations, military technology suppliers, and financial networks, to further weaken Moscow’s ability to continue its war in Ukraine.

The sanctions were revealed during the G7 Summit held in Canada, where UK Prime Minister Keir Starmer called on global leaders to remain united in supporting Ukraine.

A total of 30 new Russian targets have been sanctioned, including 20 oil tankers identified as part of Russia’s so-called “shadow fleet.” These vessels have been used to dodge international restrictions and continue the export of Russian oil.

As part of its efforts to cut off vital oil revenues funding the war, the UK has sanctioned two companies Orion Star Group LLC and Valegro LLC-FZ, for managing and operating these vessels.

The UK government also imposed sanctions on Russia’s military agency involved in underwater intelligence and seabed operations. Officials said the action is intended to safeguard critical subsea infrastructure and reduce the risk of sabotage to British assets.

Two UK residents, Olech Tkacz and Vladimir Pristoupa, have been named in the new sanctions for running a network of shell companies that helped funnel over $120 million worth of high-tech electronic components to Russia. These components are considered high-priority items that could support Russian military production.

According to government officials, both individuals operate businesses in the UK that were directly involved in exporting these sensitive goods to Russia, violating existing sanctions laws.

UK authorities said that they will not tolerate individuals or businesses within the country that help sustain Russia’s war. A government spokesperson stated clearly that those enabling Moscow’s aggression “have nowhere to hide.”

British ministers also stated that these sanctions already affect Russia’s economy and its military operations. Prime Minister Starmer described the latest measures as an effort to “choke off” Russian President Vladimir Putin’s resources to wage what he called a “barbaric war.”

The UK also announced plans to work closely with international allies to tighten the enforcement of the Oil Price Cap, a system designed to limit Russia’s oil profits while maintaining balance in the global energy market.

Reference: UK government

Source: Maritime Shipping News