UK Targets Russian Oil Fleet and Finance

Britain announced new sanctions targeting Russian oil tankers crypto exchanges and military suppliers. The measures aim to disrupt Moscow and prevent sanctions evasion.

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Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration

The United Kingdom slapped new sanctions on 12 oil tankers and 17 supply entities on Thursday morning, targeting Russia's energy transport and military supply chains. The package follows coordinated measures by Western allies to curb Moscow's wartime revenues. Energy markets continue to monitor supply disruptions, with Brent Crude Oil reacting to shifting geopolitical restrictions on crude flows.

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