UK announces new sanctions on Russian shadow fleet

The prime minister is set to announce new sanctions on Russia's shadow fleet.

Up to 100 oil tankers that form part of the shadow fleet, that are believed to be responsible for carrying more than $24 billion worth of cargo since the start of 2024, are due to be sanctioned.

Due to sanctions, Russia's oil and gas revenues have lost a third of their value in three years.

Prime Minister Keir Starmer said: "Every step we take to increase pressure on Russia and achieve a just and sustainable peace in Ukraine is another step towards security and prosperity in the UK.  

"The threat from Russia to our national security cannot be underestimated, that is why we will do everything in our power to destroy his shadow fleet operation, starve his war machine of oil revenues and protect the subsea infrastructure that we rely on for our everyday lives.  

"My government will safeguard working people from paying the price from the costly threat Putin’s fleet poses to UK critical national infrastructure and the environment."