Latest news with #IntershippingServicesLLC
Time of India
22-07-2025
- Business
- Time of India
UK sanctions 135 oil tankers in Russia's shadow fleet
Britain on Monday slapped sanctions on 135 oil tankers in Russia's shadow fleet , in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since the start of 2024," the foreign ministry said in a statement. Security analysts say the fleet of ageing vessels is used by Russia to circumvent international sanctions that ban it from selling oil. Hundreds of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022. "New sanctions will further dismantle Putin's shadow fleet and drain Russia's war chest of its critical oil revenues," foreign minister David Lammy said Monday. The action came just days after "the UK and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin's war chest," the ministry statement added. The UK government also sanctioned the company Intershipping Services LLC, accused of "registering shadow fleet vessels under the banner of the Gabonese flag" and Litasco Middle East DMCC, linked to Russian oil company Lukoil, "for its ongoing role in moving large volumes of Russian oil on shadow fleet vessels". "As Putin continues to stall and delay on serious peace talks, we will not stand idly by," Lammy said. "We will continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn." Britain earlier Monday called for a 50-day drive to arm Ukraine after US Donald Trump gave Moscow 50 days to strike a peace deal with Kyiv. Trump also pledged to supply Kyiv with new military aid, sponsored by NATO allies, as its cities suffer ever-increasing Russian aerial attacks.
Business Recorder
22-07-2025
- Business
- Business Recorder
UK sanctions 135 oil tankers in Russia's shadow fleet
LONDON: Britain on Monday slapped sanctions on 135 oil tankers in Russia's shadow fleet, in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet 'responsible for illicitly carrying $24 billion worth of cargo since the start of 2024,' the foreign ministry said in a statement. Security analysts say the fleet of ageing vessels is used by Russia to circumvent international sanctions that ban it from selling oil. Hundreds of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022. 'New sanctions will further dismantle Putin's shadow fleet and drain Russia's war chest of its critical oil revenues,' foreign minister David Lammy said Monday. The action came just days after 'the UK and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin's war chest,' the ministry statement added. The UK government also sanctioned the company Intershipping Services LLC, accused of 'registering shadow fleet vessels under the banner of the Gabonese flag' and Litasco Middle East DMCC, linked to Russian oil company Lukoil, 'for its ongoing role in moving large volumes of Russian oil on shadow fleet vessels'. 'As Putin continues to stall and delay on serious peace talks, we will not stand idly by,' Lammy said. 'We will continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn.' Britain earlier Monday called for a 50-day drive to arm Ukraine after US Donald Trump gave Moscow 50 days to strike a peace deal with Kyiv. Trump also pledged to supply Kyiv with new military aid, sponsored by NATO allies, as its cities suffer ever-increasing Russian aerial attacks.
LeMonde
21-07-2025
- Business
- LeMonde
UK sanctions 135 oil tankers in Russia's shadow fleet
Britain on Monday, July 21 slapped sanctions on 135 oil tankers in Russia's shadow fleet, in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since the start of 2024," the foreign ministry said in a statement. Security analysts say the fleet of ageing vessels is used by Russia to circumvent international sanctions that ban it from selling oil. Hundreds of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022. "New sanctions will further dismantle Putin's shadow fleet and drain Russia's war chest of its critical oil revenues," Foreign Minister David Lammy said Monday. The action came just days after "the UK and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin's war chest," the ministry statement added. The UK government also sanctioned the company Intershipping Services LLC, accused of "registering shadow fleet vessels under the banner of the Gabonese flag" and Litasco Middle East DMCC, linked to Russian oil company Lukoil, "for its ongoing role in moving large volumes of Russian oil on shadow fleet vessels." "As Putin continues to stall and delay on serious peace talks, we will not stand idly by," Lammy said. "We will continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn." Britain earlier Monday called for a 50-day drive to arm Ukraine after US President Donald Trump gave Moscow 50 days to strike a peace deal with Kyiv. Trump also pledged to supply Kyiv with new military aid, sponsored by NATO allies, as its cities suffer ever-increasing Russian aerial attacks.
Time of India
21-07-2025
- Business
- Time of India
UK sanctions 135 oil tankers in Russia's shadow fleet
Britain has imposed sanctions on 135 Russian shadow fleet oil tankers, targeting vessels used to evade restrictions and fund Moscow's war in Ukraine. The move also includes sanctions on two firms linked to oil transport. The UK aims to curb Russia's $24 billion oil trade since 2024 and tighten economic pressure as Russia continues its offensive. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Britain on Monday slapped sanctions on 135 oil tankers in Russia 's shadow fleet, in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since the start of 2024," the foreign ministry said in a analysts say the fleet of ageing vessels is used by Russia to circumvent international sanctions that ban it from selling of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022."New sanctions will further dismantle Putin's shadow fleet and drain Russia's war chest of its critical oil revenues," foreign minister David Lammy said action came just days after "the UK and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin's war chest," the ministry statement UK government also sanctioned the company Intershipping Services LLC, accused of "registering shadow fleet vessels under the banner of the Gabonese flag" and Litasco Middle East DMCC, linked to Russian oil company Lukoil, "for its ongoing role in moving large volumes of Russian oil on shadow fleet vessels"."As Putin continues to stall and delay on serious peace talks, we will not stand idly by," Lammy said."We will continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn."Britain earlier Monday called for a 50-day drive to arm Ukraine after US Donald Trump gave Moscow 50 days to strike a peace deal with also pledged to supply Kyiv with new military aid, sponsored by NATO allies, as its cities suffer ever-increasing Russian aerial attacks.
RTÉ News
21-07-2025
- Business
- RTÉ News
UK sanctions 135 oil tankers in Russia's shadow fleet
The UK has placed sanctions on 135 oil tankers in Russia's shadow fleet in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also targeted as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion (€21bn) worth of cargo since the start of 2024," the British foreign ministry said in a statement. Security analysts say the fleet of ageing vessels is used by Russia to circumvent international sanctions that ban it from selling oil. Hundreds of vessels have now been sanctioned by the European Union and the UK since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022. "New sanctions will further dismantle Putin's shadow fleet and drain Russia's war chest of its critical oil revenues," UK foreign minister David Lammy said. The action came days after "the UK and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin's war chest," the ministry statement added. London also sanctioned Intershipping Services LLC, a company accused of "registering shadow fleet vessels under the banner of the Gabonese flag" and Litasco Middle East DMCC, linked to Russian oil company Lukoil, "for its ongoing role in moving large volumes of Russian oil on shadow fleet vessels". "As Putin continues to stall and delay on serious peace talks, we will not stand idly by," Mr Lammy said. "We will continue to use the full might of our sanctions regime to ratchet up economic pressure at every turn." Earlier, the UK called for a 50-day drive to arm Ukraine after US President Donald Trump gave Moscow 50 days to strike a peace deal with Kyiv.
