The UK has sanctioned a British shipping finance veteran for his role in buying tankers that ended up in the Russian shadow fleet.
The blacklisting of John Ormerod, 74, is the first time a British person or business has been targeted over the sale of ships that have since hauled Russian oil.
The ships were ultimately financed by Russia’s second-largest oil producer, Lukoil, according to the Financial Times, which first reported Ormerod’s role.
