Britain announced the largest package of sanctions against the shadow fleet of the Russian Federation
Category
Economics
Publication date

Britain announced the largest package of sanctions against the shadow fleet of the Russian Federation

Government of Great Britain
Great Britain

The government of Great Britain announced the largest package of sanctions against oil tankers of the "shadow fleet" of the Russian Federation.

Points of attention

  • Britain has announced the largest package of sanctions targeting the shadow fleet of the Russian Federation, including oil tankers and liquefied gas vessels.
  • The sanctions are part of a global initiative to combat security threats and environmental risks associated with the shadow fleet's operations.
  • These measures will result in significant financial losses for the Russian oil and gas industry, forcing companies to reconsider their strategies.
  • The sanctions include restrictions on accessing British seaports and utilizing key maritime services, affecting 18 vessels and bringing the total number under sanctions to 43 units.
  • British sanctions also target four liquefied natural gas tankers and the Russian gas company JSC 'Rusgazdobycha', further weakening the Russian gas industry.

What is known about the new large-scale sanctions of Britain against the shadow fleet of the Russian Federation

It is noted that new sanctions have been imposed against 18 vessels. Thus, the total number of ships of the shadow fleet of the Russian Federation, which are under British sanctions, will increase to 43 units.

It is noted that the vessels were prohibited from accessing the seaports of Great Britain, as well as from using the country's key maritime services.

Britain introduced the largest sanctions against the shadow fleet of the Russian Federation
Tanker of the shadow fleet of the Russian Federation

The decision was taken as part of the fight against attempts by the shadow fleet to circumvent sanctions and is a response to security threats and environmental risks associated with violations of ship operation standards.

The sanctions were part of a global initiative to combat the risks posed by the shadow fleet.

The head of the British Foreign Ministry, David Lammy, emphasized that the sanctions will seriously affect Russia's financial income.

In the last year alone, oil tankers under sanctions have transported oil worth about $4.9 billion, which has significantly fueled the Russian military machine.

According to David Lammy, Russia's largest shipping company, Sovcomflot, is forced to resort to changing the names and cargoes of its ships in an attempt to circumvent sanctions.

What is known about British sanctions against Russian liquefied gas

In addition, Great Britain imposed sanctions on four liquefied natural gas tankers and the Russian gas company JSC "Rusgazdobycha".

These measures are aimed at further weakening the Russian gas industry, which has already suffered serious losses in 2023.

Gazprom is expected to record a loss of $6.9 billion — the company's first negative financial result in more than 20 years.

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