UK Imposes New Sanctions on Russian Banks and Shadow Fleet Ships

The UK Treasury announced a new sanctions package on Tuesday, targeting a range of Russian banks and vessels that operate under the shadow fleet. The measures are part of the UK’s broader effort to limit Russia’s access to global financial markets and maritime trade. While the announcement did not list specific institutions, it signals a tightening of economic pressure on the Russian economy. The sanctions also extend to ships that are believed to be used for moving goods and capital in support of Russia’s military operations. The UK government has stated that these actions are intended to disrupt funding flows that sustain Russia’s war efforts.