EU, UK impose new sanctions on Russia's shadow fleet of oil tankers

Quick Summary:

The European Union on Tuesday agreed to impose fresh sanctions on Russia, notably targeting almost 200 ships from the shadow fleet illicitly transporting oil to skirt Western restrictions put in place over Moscow's war in Ukraine.

The 27-nation bloc targeted 189 ships in all, and imposed asset freezes and travel bans on several officials as well as on a number of Russian companies.

Russia uses its shadow fleet of ships to transport oil and gas, or to carry stolen Ukrainian grain.

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Article Details

Category: BusinessFinance

Markets: IndiaEstoniaFinlandHong KongTurkeyUkraineUnited Arab Emirates

Topics: Oil tankers Russian sanctions Russia energy exports EU foreign policy UK sanctions Russia Tanker fleet sanctions Shadow fleet Shadow fleet vessels Russian oil transport Kremlin sanctions Ukraine war sanctions EU sanctions Russia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 18:07:52 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28874477

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