European Union and United Kingdom Target Russia’s Shadow Oil Fleet with Sanctions

Marcus Reed Avatar

By

European Union and United Kingdom Target Russia’s Shadow Oil Fleet with Sanctions

The European Union has taken the most audacious step yet to choke off Russia’s illegal oil trade. They have sanctioned 189 vessels associated with the “shadow fleet.” This fleet is currently made up of an estimated 500 obsolete vessels. They still function, often with dubious ownership and minimal safety standards, regularly carrying oil, gas, and sometimes even stolen Ukrainian grain.

The new sanctions specifically aim at Russia’s continued attempts to skirt Western sanctions. They seek to limit Russia’s oil income while the country pursues war against Ukraine. The European Union’s latest measures include asset freezes and travel bans on several officials and Russian companies implicated in these activities.

The expansive shadow fleet has been key in aiding the Kremlin’s sanction-dodging, allowing Russia to continue reaping tremendous oil revenue amid a global outcry. As explored in recent reporting, these vessels have caused substantial damage to undersea cables, notably in the Baltic Sea. This leaves extremely troubling doubt as to their operational integrity and ulterior intentions.

In a rare enforcement action, Finnish police recently seized the Eagle S, one of the shadow fleet’s many tankers. Officials of Finland and Estonia believe the ship used its anchor to sever the Estlink 2 undersea power cable. These alarming incidents are a stark reminder of the dangers these ships present to global energy security. They pose a danger to critical infrastructure.

At the same time, the United Kingdom has announced that it will sanction a further 18 vessels associated with this so-called shadow fleet. This move coincides with a larger strategy. Its stated purpose is to further squeeze the Kremlin by going after actors that enable Russia’s war machine, energy industry, and disinformation campaigns.

The new sanctions package seems to have been conceived on the heels of a review of existing measures completed three months ago. These steps have been highlighted by Administration officials as necessary to ensure that Russia is held accountable for its aggression. Their goal is to choke off the supply chains that feed Russian weaponry, including Iskander missiles.

“Putin feigns interest in peace, more sanctions are in the works. Russia’s actions and those who enable Russia face severe consequences.” – Kaja Kallas

These aligned efforts by both of the European Union and the UK show a common front against Russia’s aggression. David Lammy, a prominent political figure, commented on the situation, stating, “Putin’s latest strikes once again show his true colors as a warmonger.”

Marcus Reed Avatar
KEEP READING
  • Victoria’s Budget: Insights and Implications

  • Surge in RSV Cases Sparks Urgent Calls for Vaccine Expansion in Australia

  • SparkCharge Secures $15.5 Million to Accelerate Electrification for Fleets

  • The Emerging Challenges of AI in Australian Recruitment

  • Gary Lineker Steps Back from BBC Following Controversial Post

  • Historic Shift in Australian Politics as Sussan Ley Leads the Liberal Party