The sanctioned oil tankers have transported over $24 billion in cargo since 2024, according to Downing Street. The U.K. has now sanctioned more shadow fleet vessels than any other country.
The sanctions list includes 58 individuals and 74 companies, with 67 Russian enterprises related to military technology.
Washington and its partners are considering additional sanctions if the parties do not observe a ceasefire, with political and technical negotiations between Europe and the U.S. intensifying since last week, Reuters' source said.
Despite the Kremlin's announcement of a May 8–11 truce, heavy fighting continued in multiple regions throughout the front line.
The Kyiv Independent’s contributor Ignatius Ivlev-Yorke spent a day with a mobile team from the State Emergency Service in Nikopol in the south of Ukraine as they responded to relentless drone, artillery, and mortar strikes from Russian forces just across the Dnipro River. Nikopol is located across from the Russian-occupied Zaporizhzhia Nuclear Power Plant in the city of Enerhodar.
Peter Szijjarto's announcement came after Ukraine's Security Service (SBU) allegedly dismantled a Hungarian military intelligence network operating in Zakarpattia Oblast.
Moscow and Washington discuss the potential resumption of Russian gas supplies to Europe, among other issues related to the peaceful settlement of Russia's war in Ukraine, Russian presidential aide Yuri Ushakov confirmed to the Russian state-run Interfax news agency.
"This is a historic decision, as weapons for Ukraine will be purchased at the expense of the proceeds from frozen Russian assets through the European Peace Fund," Denys Shmyhal said.
ISW: Kremlin continues to falsely reassure Russian public that Ukraine war won't have significant economic consequences
Russian President Vladimir Putin held a State Council Presidium meeting on April 4 to discuss developing Russian industry in the face of sanctions pressure, during which he claimed that sanctions are having "positive outcomes" by forcing Russian firms to embrace import substitution.
This is an argument the Kremlin has made sporadically since the 2014 annexation of Crimea, the Institute for the Study of War said in their latest update.
"Putin suggested that Russian industry as a whole will be able to grow like the Russian agricultural sector did following the imposition of Western sanctions in 2014," the ISW said.
Russian president has previously relied on the example of post-2014 Russian agricultural growth to assuage Russian population of their economic anxieties but has yet to offer concrete proposals for how Russian industry would increase domestic production in a similar way.
ISW previously assessed that the Kremlin "will likely struggle to reassure Russians about their economic concerns" while also setting informational conditions for a protracted war in Ukraine and mobilizing a wider portion of Russia’s defense industrial base.

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