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UK Imposes First Sanctions on Russia’s Shadow Fleet Oil Tankers
The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting the Kremlin’s oil and a key Moscow-based insurance company. The measures target four oil tankers that are helping Russia to evade western sanctions, as well as Ingosstrakh Insurance Co., an important provider of cover against risks including oil spills and collisions. In total, 50 entities and individuals were identified in a statement from the UK government, which said it’s aiming to cut off funding for the war in Ukraine. The sanctions also target suppliers of munitions, machine ... (full story)