UK sanctions oil trader Niels Troost, shadow fleet operators and Arctic LNG 2

The UK on 22 February sanctioned Russian oil trader Niels Troost and his Geneva-based company Paramount Energy & Commodities SA, accusing them of facilitating "unfettered trade in Russian oil" beyond the price cap, S&P Global reports. The package also targeted shipping companies Fractal Marine DMCC, Beks Ship Management and Active Shipping, which the UK described as operating within President Vladimir Putin's shadow fleet. S&P Global said it had previously reported that Fractal Shipping moved at least 44 million barrels of Russian crude and products in 2023. The UK also sanctioned Novatek's Arctic LNG 2 project, including its director Oleg Karpushin and six directors of majority owner Novatek.

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