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First with the News

UK Slams Sanctions On Over 70 Ships Belonging To Russia

November 25, 2024
in News, Top Stories
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By Enyichukwu Enemanna

The British government on Monday announced sanctions on 30 ships that it claimed are part of Russia’s “shadow fleet”, making it a total of 73 vessels under restrictions by London.

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Foreign Secretary David Lammy called the measures the UK’s “biggest sanctions package” against tankers and cargo ships used by Moscow to circumvent the embargoes placed on its oil export, a measure targeted at reducing its funding in the war against Ukraine.

The new restrictions announced by Lammy during a meeting of G7 foreign ministers in Italy, surpasses the number of ships currently targeted by the United States (39) and the European Union (19).

The UK also sanctioned two Russian insurers it accused of enabling the so-called ghost fleet, which operates under dubious ownership or without proper insurance, concealing its identity.

UK says the vessels, often carrying Russian oil and gasoline but flying the flag of another country, allow the Kremlin to keep exporting despite sanctions on exports and an oil price cap on its global sales.

According to a statement by Foreign Commonwealth and Development Office (FCDO), half of the ships hit by the latest sanctions transported more than $4.3 billion worth of oil and oil products in the last year.

UK authorities say the sanctions “are working” with “Russia becoming increasingly reliant on states like North Korea and Iran for military hardware”.

The FCDO noted that two oil tankers, Artemis, which flies under the flag of Gabon, and Sea Fidelity, flagged out of Honduras, had been “idling uselessly in the Baltic Sea after being sanctioned last month”.

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