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Ukraine briefing: Sanctions target Putin’s oil ‘shadow fleet’

Ukraine briefing: Sanctions target Putin’s oil ‘shadow fleet’

The UK and the US have both implemented new sanctions to target Russia’s actions in Ukraine, with a focus on the Moscow stock exchange and vessels in Putin’s shadow fleet. China has expressed opposition to the UK’s inclusion of Chinese firms in the sanctions. Meanwhile, the G7 has agreed to provide $50 billion in aid to Ukraine, funded through frozen Russian state assets. Additionally, the US and Ukraine have signed a 10-year security agreement, with Ukraine also signing a security pact with Japan.

On the ground in Ukraine, fierce battles are ongoing near Chasiv Yar and Pokrovsk, with civilian casualties reported. Allies will provide Ukraine with artillery shells, expanding their capabilities in the conflict. At a G7 press conference, Zelenskiy and Biden discussed China’s involvement in the conflict, with Zelenskiy calling on China to play a constructive role. China, however, has been lobbying against the upcoming peace summit for Ukraine, advocating for its own peace conference proposal.

The situation in Ukraine remains tense as countries continue to navigate their responses to the conflict. Rutte emphasized the need for swift decision-making among countries supporting Ukraine.

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