LONDON, Oct 17 (Reuters) – Britain said on Thursday it had imposed sanctions on 18 more Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against Russia’s so-called “shadow fleet”.
Britain says the ‘shadow fleet’ uses illicit practices to avoid Western restrictions on Russian oil. The announcement came after the United States and Canada agreed to join a “call to action” to tackle it, which has been backed by 44 European countries after it was announced by Britain in July.
The government said it was working with maritime authorities to demand that Russian vessels with suspected dubious insurance provide details of their insurance status as they pass through the English Channel.
“Any actor that facilitates and supports Russia’s malign activities could be exposing themselves to sanctions,” the government said.
Russia rejects Western pressure to limit its oil exports, and in the past year, there has been growth in the number of tankers transporting cargoes that are not regulated or insured by conventional Western providers.
The 18 oil tankers will be barred from UK ports and unable to access British maritime services, bringing the total number of sanctioned Russian oil tankers to 43.
The vessels included NS Bora, Atlas and Moskovsky Prospect.
“The UK’s relentless action against the shadow fleet is putting grit into the system and starving (Russian President Vladimir) Putin’s war machine of crucial revenues,” the government said.
The targeted oil tankers transported an estimated 4.9 billion pounds ($6.37 billion) worth of oil last year, it said.
As part of Thursday’s action, the UK also sanctioned Russian gas company Rusgazdobycha JSC.
“We must combat malign Russian activity at every turn, whether illicit tactics to bolster Putin’s war chest, their use of cyber-attacks or barbarism on the front line in Ukraine,” Foreign Secretary David Lammy said in a statement.
Russia’s Foreign Ministry said that new British sanctions showed Moscow’s status as “a reliable energy supplier” did not suit London, the state RIA news agency reported, adding everything was being done to try to infringe Russia’s rights.
($1 = 0.7692 pounds)
We give you energy news and help invest in energy projects too, click here to learn more
Crude Oil, LNG, Jet Fuel price quote
ENB Top News ENBEnergy DashboardENB PodcastENB Substack
Energy News Beat