Bangladesh, March 5 -- The United Kingdom has removed a British financier from its sanctions list after months of restrictions tied to Russias controversial “shadow fleet” of oil tankers. The decision marks a rare case in which a Western government sanctioned – and later delisted – one of its own citizens over alleged links to Russias energy trade following the invasion of Ukraine.

The financier, John Michael Ormerod, 75, had been sanctioned by the Government of the United Kingdom in May 2025 after authorities determined that he had purchased dozens of aging oil tankers that were later used to transport Russian crude oil. Officials believed those vessels eventually became part of a covert network of ships commonly...