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EU and UK Tighten Sanctions on Russia Targeting Shadow Fleet, Banks and Propagandists

The measures aim to cut Kremlin energy income and choke off covert finance and procurement channels that keep its war machine running.

Overview

  • The European Union adopted a sanctions package on Monday, June 15, that added 34 individuals and 47 entities, including senior officials, judges and figures tied to the shadow fleet of oil and gas tankers.
  • The United Kingdom expanded its list on Tuesday, June 16, adding 43 entries and imposing restrictions on 27 vessels, including LNG tankers linked to the Arctic LNG 2 project, and listing banks and insurers such as Yandex Bank and Rosgosstrakh.
  • Both packages name actors across several areas of Russia’s war effort: energy intermediaries that mask oil and gas shipments, firms that supply drones and surveillance systems, and prominent propagandists who promote or justify the invasion.
  • London and Brussels specifically targeted third‑country enablers and covert procurement networks, citing firms like Neptune and companies used to register, insure or service ‘shadow’ ships that help Moscow evade price caps and embargoes.
  • Officials say the steps form part of a wider push toward a 21st EU sanctions package that could close remaining loopholes and further squeeze Kremlin revenues that EU leaders estimate at roughly €1–1.3 trillion lost since 2022.