UK Sanctions 20 Ships Over Russian Oil
UK Sanctions 20 Ships Over Russian Oil

UK Sanctions 20 Ships Over Russian Oil

News summary

The UK has implemented new sanctions against 20 ships linked to the transportation of Russian oil, as part of ongoing efforts to undermine Russia's financial resources amid the conflict in Ukraine. This latest action targets trading firms 2Rivers DMCC and 2Rivers PTE LTD, labeled as 'key lynchpins' in facilitating the trade of Russian oil. Prime Minister Keir Starmer stated that these measures aim to further deplete President Vladimir Putin's war chest and have already blocked over 100 Russia-linked vessels. Despite the sanctions, 2Rivers expressed disappointment, claiming they have exited the Russian market and intend to legally challenge the sanctions. The UK government hopes these actions will add pressure to Russia's war economy and ultimately support Ukraine's recovery efforts. This move coincides with similar sanctions from the EU and collaborative measures among several nations to combat Russia's oil trading networks.

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