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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 4th of September, covering the latest developments you need to know.
On Thursday, Russian Foreign Ministry spokeswoman Maria Zakharova dismissed the allegations that Russia was responsible for jamming European Commission President Ursula von der Leyen's aircraft, labelling them as fake and a product of paranoia.
North Korean leader Kim Jong Un declared that his country would continue to "fully support" Russia and its military as part of its "fraternal duty" under its treaty with Moscow, according to state media KCNA on Thursday.
Canada announced Wednesday that it has reduced the price cap on seaborne Russian-origin crude oil from US$60 to US$47.60 per barrel, aiming to limit Moscow’s revenue amid the ongoing war in Ukraine.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
A recent Federal Reserve Bank of New York (New York Fed) study reveals that while the use of artificial intelligence (AI) among businesses has grown significantly over the past year, very few companies have carried out AI-related layoffs.
Rising concerns over the U.S. economy and ongoing tariff disputes have put global government bonds under selling pressure, experts say. Donald Trump’s push for interest-rate cuts, combined with a major spending bill, has shaken investor confidence, sending bond prices down while yields rise.
Access to Google services was restored Thursday after a region-wide outage cut off millions of users across dozens of countries, with disruptions reported in platforms including YouTube, Gmail and Maps.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
The price of gold surged sharply on Wednesday, reaching a new record of $3,530.08 per ounce. Analysts say the rise is driven by expectations of a U.S. Federal Reserve (Fed) rate cut in September and concerns over the central bank’s independence.
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