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UK targets Putin’s ‘shadow fleet’ with contemporary sanctions

UK targets Putin’s ‘shadow fleet’ with contemporary sanctions


“Russia’s oil revenues are fueling the fires of conflict and destruction in Ukraine,” Lammy stated in a press release.

“I’ll work with our G7 companions and past to exert relentless stress on the Kremlin, disrupt the circulation of cash into its conflict chest, erode its army machine, and constrain its malign conduct worldwide.”

The authorities stated the ships have been answerable for transporting billions of kilos value of oil and oil merchandise prior to now yr alone, posing “important dangers to world commerce.”

The motion brings the entire variety of Russian oil tankers sanctioned by the U.Ok. to 73, in comparison with 39 by the U.S. and 19 by the European Union.

The U.Ok. is imposing contemporary sanctions on 30 oil tankers from Russia’s so-called shadow fleet because it tries to squeeze Vladimir Putin’s funding of the conflict of Ukraine. | Pool Photo by Gavrill Grigorov by way of Getty Images

Lammy informed reporters on the G7: “We are decided to make sure that each the ships, the enablers of these ships thwarting European and U.Ok. sanctions, are damage at the moment and that we make sure that the makes an attempt to avoid the sanctions that we put in place beforehand and naturally to keep away from Russia utilizing its oil revenues to proceed to fund its conflict — that we bear down on these points.”

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Written by EGN NEWS DESK

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