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UK Imposes New Sanctions on Russia and 'Shadow Fleet'

London announced a new package of penalties targeting financial services, oil tankers, and ballistic missile procurement networks.

Foreign, Commonwealth & Development Office in London, 2022
Foreign, Commonwealth & Development Office in London, 2022 · Photo: acediscovery · CC BY 4.0 · Wikimedia Commons

The United Kingdom has announced a new round of sanctions against Russia aimed at curbing Moscow's financial networks and its efforts to bypass international trade restrictions, The Jerusalem Post and shipping journal Lloyd's List reported.

According to The Jerusalem Post, the new penalties target companies involved in Russian financial services as well as entities facilitating the production and trade of Russian ballistic missiles. At the same time, Lloyd's List reported that the package sanctions an additional 12 tankers belonging to the "shadow fleet" used to transport Russian oil.

Full details regarding the specific identities of the designated entities and the scope of frozen assets have not yet been released.

Sources: Rock Hill Herald, Lloyd's List, AML Intelligence, Internazionale, Jerusalem Post — international

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