UK has announced fresh sanctions to crack down Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.
New sanctions target the core of Russia’s energy sector, aiming to "cut off Putin’s access to vital oil revenues."
In its statement, the British government said the targeted oil tankers are part of a fleet that has illicitly transported $24 billion worth of cargo since the beginning of 2024.
Foreign minister David Lammy said the new sanctions would further "dismantle" the Russian President's so-called "shadow fleet and drain Russia's war chest of its critical oil revenues".
In particular, the sanctions target two Russian companies.
One is Intershipping Services LLC, which registers fleet vessels under the Gabonese flag and is responsible for transporting up to $10 billion worth of goods annually on behalf of the Russian state, - the UK government said.
The other is 'Litasco Middle East DMCC', a company linked to Russian oil major Lukoil, sanctioned for its continued role in transporting large volumes of Russian oil using shadow fleet vessels.
At least 54 migrants have drowned and dozens remain missing after a boat carrying around 150 people sank in bad weather off southern Yemen on Sunday, ...
The bodies of a pilot and his 13-year-old son have been recovered after their biplane crashed into the sea off the coast of Mallorca, Spanish authorit...
A top aide to President Donald Trump has accused India of helping finance Russia’s war in Ukraine through its continued oil purchases, as Washington...
President Donald Trump and Canadian Prime Minister Mark Carney are expected to speak in the coming days as Ottawa seeks to defuse tensions over a new ...
It’s vast, it’s unstable, and it holds enough ice to reshape the world’s coastlines. Thwaites Glacier, ominously nicknamed the “Doomsday Glaci...
A top aide to President Donald Trump has accused India of helping finance Russia’s war in Ukraine through its continued oil purchases, as Washington increases pressure on New Delhi with new tariffs and warnings.
Russian and Chinese naval forces are holding joint artillery and anti-submarine drills in the Sea of Japan as part of the scheduled 'Maritime Interaction-2025' exercises, the Russian Pacific Fleet reported Sunday.
Russia lifted a tsunami warning for the Kamchatka Peninsula on Sunday after a powerful 7.0 magnitude earthquake struck near the Kuril Islands and a volcano erupted for the first time in six centuries.
A powerful earthquake struck Russia's Kuril Islands, sparking tsunami alerts and coinciding with the first eruption in 600 years of Kamchatka’s Krasheninnikov Volcano, raising seismic concerns in the region.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
Germany’s cabinet has approved a draft 2026 budget on Wednesday featuring record investments and a borrowing level nearly three times higher than last year’s, aiming to strengthen infrastructure and defence while efforts to revive growth.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment