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.
Georgia and Armenia have resumed talks on their 225-kilometre border after years of limited progress, with disputes over historical boundaries, far...
China has extended the suspension of its additional 24 per cent tariff on U.S. goods for another two months, while keeping a 10 per cent levy in pl...
Russia and Ukraine are set to return to Abu Dhabi on Tuesday for a fourth round of U.S.-brokered peace talks, with European participation, security...
The gunman who allegedly killed six people in Poland’s unprecedented mass shooting in central Kraków on Saturday has died in hospital, police said early Monday. The attacker had demonstrated advanced military-style marksmanship skills, according to a spokesperson for the shooting club he attended.
Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
Monday marks the second of two days of national mourning in Poland as police bolstered security after six people were killed in a mass shooting in Kraków.
The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles fired by the Iran-aligned group towards Riyadh on Sunday (8 November), after loud booms were heard in the Saudi capital. The Aramco building was damaged by falling debris.
Azerbaijan is marking the sixth anniversary of Victory Day on Sunday, 8 November, with President Ilham Aliyev visiting the Victory Monument in Khankendi, laying a wreath and paying tribute to servicemen killed during the 44-day Second Garabagh War in 2020.
Nvidia has launched an independent investigation into whether its chief executive, Jensen Huang, was targeted in a foreign intelligence operation, following allegations that a businesswoman with whom he had a relationship passed information to Beijing.
Australian design platform Canva has announced a major restructuring affecting 22 per cent of its workforce, with 1,271 employees facing job cuts, relocations or changes to their roles as the company grapples with slowing growth and rising AI costs.
British Petroleum (bp) spent nearly $1.5 billion with suppliers and contractors across Azerbaijan, Georgia and Türkiye in the first nine months of 2026, highlighting the economic reach of major energy projects beyond oil and gas production.
Seven OPEC+ countries agreed on Sunday, 1 November, to keep oil production targets unchanged for December, extending an earlier freeze. But with the Iran war disrupting supplies and prices fluctuating, what is really driving the global oil market?
Cryptocurrencies are volatile, and their crashes make headlines. But does a slump in digital coins ever spill over into the pounds, dollars and euros in people's bank accounts? The short answer is not directly, but indirectly it can, and regulators are increasingly worried about how.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment