The UK government has unveiled a fresh package of sanctions against Russia, targeting Ozon Bank and vessels from the so-called shadow fleet of tankers, according to Reuters.

Ozon Bank is tied to Russia's e-commerce sector and gives Moscow a channel to keep money moving despite years of Western financial restrictions. The shadow fleet is the loose network of ageing, often anonymously owned tankers that Russia relies on to keep exporting oil outside Western-controlled shipping and insurance markets.

The Moscow Times called the move London's "latest crackdown," while the Kyiv Independent described it as a strike at the shadow fleet's ability to keep operating.

Why it matters: Russia's shadow fleet and its offshore banking links are the plumbing that keeps oil money flowing into the Kremlin's war budget despite the G7 price cap and asset freezes imposed since 2022. Every bank or vessel sanctioned raises the cost and friction of getting Russian crude to market, squeezing revenue.

What isn't yet public in the initial wire reports is the precise number of vessels and entities covered, or whether the US and EU will announce coordinated measures. Worth watching next: how quickly the sanctioned tankers find new flags, insurers or buyers, and whether this round is paired with parallel action from Brussels or Washington.