Ukraine Imposes Sanctions Against 94 Individuals and 5 Entities
President Volodymyr Zelensky signed a decree on August 3 imposing sanctions against 94 individuals and five legal entities, primarily targeting the captains of Russia‘s so-called “shadow fleet” vessels.
The imposed sanctions mark the first of three planned packages that will be imposed in the near future. In his evening address, Zelensky emphasized that these sanctions will be synchronized with Ukraine‘s partners to ensure effective pressure across most jurisdictions. The goal is to curb Russian oil revenues, which help fund its war machine.
Sanctions Target Russia’s Shadow Fleet
Russia‘s shadow fleet refers to Moscow’s aging and poorly insured tankers, which are used to evade sanctions and conduct espionage, among other objectives. The sanctioned individuals and entities include citizens of Russia, Iran, Pakistan, Myanmar, China, Bangladesh, India, and Georgia. These countries regularly register vessels in their names as a means to circumvent Western sanctions and oil price caps.
Russia‘s shadow fleet has been increasingly targeted by Kyiv and Western sanctions as international partners seek to curb Russian oil revenues. More than 100 shadow fleet ships were targeted in the EU’s 18th sanctions package approved in mid-July. Only a few days later, the U.K. sanctioned 135 Russian oil tankers and two shipping companies linked to Russia’s shadow fleet.
International Cooperation on Sanctions
Both the EU and the U.K. have agreed to lower the price cap imposed on Russian crude oil from $60 per barrel to $47.60. This move aims to further restrict Russian oil revenues, which are used to fund its military activities in Ukraine and other regions. The international community continues to work together to impose effective sanctions on Russia‘s shadow fleet and limit its ability to evade restrictions.
Conclusion
The imposition of sanctions by Ukraine against 94 individuals and five legal entities marks a significant step in the global effort to curb Russian oil revenues and restrict its military capabilities. As international partners continue to coordinate their efforts, it is clear that the pressure will be sustained across most jurisdictions. The goal remains to ensure that Russia‘s shadow fleet cannot evade sanctions and continue to fund its war machine.
Original Article: Ukraine imposes sanctions against 94 individuals, 5 entities, including captains of Russia’s shadow fleet — Kyivindependent