European Union's ambassadors agreed on a 15th package of sanctions against Russia, the Hungarian Presidency of the Council of the EU reported on Dec. 11 on X. The new package targets Russia's "shadow fleet," a group of older, often uninsured tankers used to transport Russian oil and circumvent international sanctions. These sanctions will include restrictions […]

The United Kingdom sanctioned 30 oil tankers of Russia's "shadow fleet" that carried billions of dollars worth of oil and oil products last year, the government said on Nov. 25. "Oil revenues are a crucial source of funding for the Kremlin’s illegal war in Ukraine," the Foreign Office said in a statement. The latest sanctions […]