UK imposes new sanctions against Russia: financial services and 'shadow fleet' targeted

The UK Foreign Office announced new sanctions against Russia, targeting financial services and the so-called 'shadow fleet'. The restrictions apply to companies providing Russian financial services, as well as vessels involved in transporting Russian oil.

The UK Foreign Office announced a new package of sanctions against Russia. The restrictions target financial services and the so-called 'shadow fleet' used to transport Russian oil. Sanctions were imposed on companies that, according to the British Foreign Office, are involved in providing financial services in Russia, as well as vessels engaged in transporting Russian oil products. This is another step by Western countries to increase pressure on the Russian economy in connection with the ongoing conflict in Ukraine. Details of specific companies and vessels are not disclosed in the brief note.