The United Kingdom has sanctioned 135 Russian oil tankers and two associated companies, alleging they have covertly transported over $24 billion in oil since early 2024. The move is part of a broader effort by Western nations to curtail Russia’s energy exports and limit its war-funding capabilities. The government accused the tankers of operating as part of a ‘shadow fleet’ that bypasses sanctions and continues to supply oil to the Russian military.
According to the U.K. government, the sanctions were implemented in response to an intelligence assessment that identified the tankers as part of a covert network linked to Russia’s energy sector. The vessels and companies are now subject to U.K. financial penalties, and their operations are restricted. The government emphasized that these actions are in line with international efforts to impose economic pressure on Russia, following its invasion of Ukraine.
Analysts suggest that the sanctions could have a significant impact on Russia’s oil exports, potentially reducing its ability to fund the war in Ukraine. However, some experts warn that Russia may find alternative routes to export its oil, which could mitigate the sanctions’ effectiveness. The U.K. government has not provided specific details on how the sanctions will be enforced, but it has indicated that the measures could be expanded if necessary.