Hadisur Rahman, JadeTimes Staff
H. Rahman is a Jadetimes news reporter covering Business

The UK government is preparing to impose new sanctions on a fleet of Russian oil tankers allegedly used to bypass existing international restrictions on Russian energy exports. The action targets up to 100 vessels believed to have transported more than £18 billion worth of oil and gas since the beginning of 2024.
Prime Minister Sir Keir Starmer is set to announce the measures at a summit of the Joint Expeditionary Force (JEF) in Oslo, Norway a coalition of ten northern European countries including Denmark, Norway, and the Netherlands. The UK has pledged to take decisive steps to dismantle what it describes as President Vladimir Putin's "shadow fleet operation," which it accuses of financing Russia’s war in Ukraine.
"Every step we take that increases pressure on Moscow and supports peace in Ukraine is also a step toward greater security and prosperity for the UK," Starmer said ahead of the summit.
The so-called “shadow fleet” was assembled by Moscow following sweeping sanctions imposed after Russia's 2022 invasion of Ukraine. These measures limited Russian oil imports and enforced price caps on its crude exports. In response, Russia turned to obscure shipping arrangements, utilizing vessels with murky ownership structures and opaque navigation routes to continue exporting oil undetected.
Downing Street has described the sanctioned ships as "decrepit and dangerous," citing their involvement in “reckless seafaring” and possible links to damage sustained by an undersea cable in the Baltic Sea.
The new UK sanctions will ban these vessels from entering British ports and expose them to detention within UK waters. The move builds on previous sanctions targeting 133 similar vessels during a JEF summit in December 2024.
The government says the expanded measures are aimed at severing a critical financial lifeline for the Kremlin. “We are determined to starve Putin’s war machine of oil revenues and protect vital subsea infrastructure,” a Downing Street spokesperson said.
Further announcements from JEF member states are expected to reinforce support for Ukraine's military efforts and collective European security.