UK sanctions more Russian tankers

London has imposed a fresh set of sanctions on Russia, targeting vessels carrying its oil, as well as companies and individuals supplying chemicals, electronics and explosives used for weapons.

IMAGE: Flags of the UK and Russia. Getty Images

The UK government has imposed sanctions on a total of 100 Russia-linked entities, including 70 oil tankers, the country's Foreign, Commonwealth & Development Office said in a statement.

The vessels, which are allegedly a part of Russia’s shadow fleet, have facilitated illicit oil trades, circumventing the G7 oil price cap, the UK government said earlier.

“The 100 sanctions further build economic pressure on Russia, targeting its military sector and illicit shadow fleet,” the UK government said.

By using these poorly maintained vessels to circumvent oil sanctions, Russia has effectively traded outside the imposed price caps implemented by Washington and its allies (the G7 group of countries).

The sanctions come following Russia’s breach of Polish airspace earlier this week. Poland intercepted the Russian drones, marking the first instance of a NATO member engaging directly in the Russia-Ukraine conflict, which is now in its third year.

The price cap is a strategic measure aimed at reducing Russia's export revenue. This limitation is intended to restrict the financial resources that Russia can allocate towards sustaining its military operations in Ukraine.

By Aparupa Mazumder

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