EU, UK strike at Russia’s shadow fleet in largest sanctions package

The Washington Post has recently observed in a new article that the EU and the UK imposed fresh sanctions on Russia’s "shadow fleet," aiming to disrupt a critical funding source for the Kremlin’s ongoing war in Ukraine. The new measures, described by the EU as the "largest ever package targeting Putin’s shadow fleet," are designed to intensify pressure on Russian President Vladimir Putin to negotiate a ceasefire by cutting off financial support for Russia's military operations.

The "shadow fleet," a term used for Russia's network of aging and poorly maintained vessels, transports sanctioned goods globally, often evading international restrictions. These ships are registered under "flags of convenience" from countries with lenient regulations, such as Panama and Liberia. Ownership and registration details are often concealed, with many vessels linked to shell companies in locations like the Seychelles or the United Arab Emirates. Russia increased its use of these ships after the G7 imposed a price cap on oil exports in September 2022, aiming to reduce funding for the Russian war effort.

Despite the fleet's secretive nature, estimates vary on its size, with some reports suggesting it could involve over 1,000 vessels. The fleet plays a crucial role in bypassing sanctions, particularly in the transport of oil. In addition, Russia’s shadow fleet is suspected of engaging in sabotage operations in the Baltic Sea, a key maritime area where much of the fleet passes through. European officials have expressed concern over incidents of damage to vital cables connecting Northern European nations, with NATO Secretary General Mark Rutte highlighting the growing alarm over such incidents.

The latest EU and UK sanctions extend previous measures targeting vessels, businesses, and individuals associated with the shadow fleet. These sanctions aim to further isolate Russia’s military and energy sectors. Meanwhile, Ukrainian President Volodymyr Zelenskyy urged for coordinated Western pressure on Russia, emphasizing the importance of sanctions in compelling the Kremlin to end the war.

Despite these moves, analysts warn that even if a ceasefire is negotiated, Russia's strategy of creating chaos in Europe may persist.

By Naila Huseynova