Russia: Sanctions

(asked on 16th December 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what estimate he has made of the impact of unregistered and uninsured vessels on the value of sanctions against the Russian Federation that have been evaded.


Answered by
Stephen Doughty Portrait
Stephen Doughty
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 23rd December 2024

Our oil-related sanctions are having a significant impact, with Russia forced to shoulder a 25% reduction in oil and gas revenues from January to October 2024, compared to the same period in 2022. Where Russia has sought to circumvent those sanctions, we have taken robust action. We have now sanctioned 93 shadow fleet oil tankers; and we are exposing malign maritime practices by requesting proof of insurance from suspected shadow vessels passing through the English Channel - an approach partners along the Baltic route will now replicate. We continue to step up our efforts, working closely with partners, to ensure our sanctions' effectiveness and impact.

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