Ukraine has imposed sanctions on 94 individuals from Russia, Myanmar, Iran, Pakistan, China, India, Bangladesh and Georgia, as well as five oil transportation companies, according to a decree published on Volodymyr Zelensky's website.
Zelensky announced on his Telegram channel on August 3 that Kyiv had prepared three sanctions packages. The first package of sanctions against captains of the so-called "shadow fleet" allegedly linked to transporting Russian oil has already been implemented.
The decree published on Zelensky's website lists additions to Ukraine's sanctions regime targeting 94 individuals and five companies registered in Russia. Among those sanctioned are "Argo Tanker Group", "Gazpromneft Shipping", SKF ECO, "SKF Prirazlomnoye", and SKF TM.
Vladislav Vlasyuk, Zelensky's commissioner for sanctions policy, told journalists that the "Shadow Fleet Captains" package includes sanctions against 94 captains who allegedly transported Russian oil "bypassing the price ceiling" and five companies operating this fleet.
The sanctions include traditional measures such as asset blocking on Ukrainian territory, licence cancellation, prohibition of official visits, bans on intellectual property transfers, termination of trade agreements, cultural exchanges and scientific cooperation, as well as revocation of all Ukrainian state awards.
The move represents Ukraine's effort to target what it describes as vessels circumventing international sanctions on Russian oil exports. The individuals sanctioned come from eight different countries, indicating the international scope of the alleged shadow fleet operations.
The announcement comes as part of Ukraine's broader sanctions strategy, with Zelensky indicating that two additional sanctions packages are being prepared as part of ongoing economic measures related to the conflict.
Indian officials have said they would keep purchasing oil from Russia despite threats of penalties from US President Donald Trump, The New York Times reported on August 2.
New Delhi has been among the top buyers of seaborne Russian crude since Western sanctions altered Russia’s trade flows. But the latest shift suggests a cautious recalibration, especially by state-owned players such as Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL), Hindustan Petroleum Corp (HPCL), and Mangalore Refinery and Petrochemicals Ltd (MRPL), according to four people familiar with their procurement strategy.