What's happened
On November 25, 2024, the UK announced its largest sanctions package against Russian oil tankers, targeting 73 vessels to disrupt funding for the war in Ukraine. This move aims to curb Russia's oil revenues, which are critical for its military operations.
Why it matters
What the papers say
According to Politico, Foreign Secretary David Lammy emphasized the UK's commitment to exerting pressure on the Kremlin, stating, "We are determined to ensure that both the ships and the enablers of those ships thwarting European and U.K. sanctions are hurt at this time." AP News highlighted that half of the sanctioned ships delivered significant oil revenues, reinforcing the sanctions' potential effectiveness. The Moscow Times noted that this is the UK's largest sanctions package yet, indicating a robust response to Russia's actions in Ukraine. These perspectives illustrate a unified stance among Western nations to intensify economic pressure on Russia, while also acknowledging the challenges posed by alternative supply routes.
How we got here
The UK has been increasing sanctions against Russia since the onset of the Ukraine conflict, focusing on crippling its oil revenue streams. Recent discussions among G7 nations have emphasized the need for stronger measures against entities circumventing existing sanctions.
Common question
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What Are the UK's New Sanctions on Russian Oil Tankers?
On November 25, 2024, the UK announced its largest sanctions package against Russian oil tankers, targeting 73 vessels to disrupt funding for the war in Ukraine. This significant move raises questions about its implications for the ongoing conflict and the international response. Here’s what you need to know.
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