The new measures designate 38 companies, individuals, and vessels, including 8 ships such as LNG tankers, to cut gas revenues. Foreign Secretary Ed Miliband announced the restrictions while in Ukraine with President Volodymyr Zelensky, noting that the targets include the "shadow fleet," cryptocurrency operations, and oil companies. Miliband stated Britain would support Kyiv "as long as it takes" to disrupt the funding of the Russian war machine.
Tuesday, October 20, 2026
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UK Sanctions 38 Russian Entities to Curb Shadow Fleet
Geopolitics12 days ago
The Foreign, Commonwealth & Development Office has targeted the shipping and financial networks Moscow uses to move oil and fund its military efforts. This expansion of the UK's sanctions regime involves a new group of ships and businesses intended to stop Russia from evading Western energy price caps through the use of outdated vessels and obscured financial channels.
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