XM does not provide services to residents of the United States of America.

UK sanctions 20 'shadow fleet' ships carrying Russian oil



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-UK sanctions 20 'shadow fleet' ships carrying Russian oil</title></head><body>

Adds background and details

LONDON, Dec 17 (Reuters) -Britain on Tuesday sanctioned 20 ships that it said were using illicit practices to avoid sanctions on Russian oil, its latest measures targeting Russia's so-called shadow fleet of vessels.

"As (Russian President Vladimir) Putin's oil revenues continue to fuel the fires of his illegal war, Ukrainian families are enduring cold, dark nights, often without heating, light or electricity, targeted by Russia's relentless missile attacks," British Prime Minister Keir Starmer said.

"These sanctions will add further pressure to Putin's stalling war economy."

The ships sanctioned include Ocean Faye, Andaman Skies and Mianzimu, which have each carried more than 4 million barrels of Russian oil this year, Britain's government said.

The measures restrict or prohibit their movement and access to some British ports.

On Monday Britain and 11 other Western nations agreed measures to "disrupt and deter" Russia's shadow fleet.

Starmer also announced 35 million pounds ($44 million) of emergency support to help Ukraine repair its energy grid.

($1 = 0.7879 pounds)



Reporting by Sachin Ravikumar; editing by William James

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.