UK sanctions Russia's Slavneft in latest move against oil producers
The package targets Russia’s Arctic oil project, shadow fleet and coal firms as Britain says it now sanctions all 10 top producers.
- On November 12, the United Kingdom became the first country to sanction all 10 of Russia's largest oil producers by adding Slavneft to its list, restricting extraction, trading, supply chains, and shipping to curb Moscow's war funding.
- Prime Minister Andy Burnham pledged to "turn the screws" on Vladimir Putin's regime to force engagement in peace talks, aiming to tighten pressure on energy revenues while pushing for a full and immediate ceasefire.
- New sanctions target the $50 billion Arctic Vostok Oil project belonging to Rosneft, supplementing previous blacklists of major producers including Lukoil, Gazprom Neft, Surgutneftegas, Bashneft, Tatneft, Russneft, Zarubezhneft, and INK Capital.
- At the Dublin summit yesterday, Burnham met with Ukrainian President Volodymyr Zelenskyy to discuss security guarantees, aligning Europe's response to hybrid threats posed by Russia with the new economic measures.
- Building on recent US-brokered talks in Abu Dhabi, European leaders seek to establish legally binding security guarantees for Ukraine while maintaining economic pressure to force Russia to engage in serious peace negotiations.
30 Articles
30 Articles
The United Kingdom has introduced new sanctions against the Russian energy sector, and the restrictions now cover all 10 of Russia's largest oil companies.
UK says it's 1st country to target all of Russia's top 10 oil producers with latest round of sanctions
The U.K. announced a major new sanctions package targeting Russia's energy and shipping sectors on Nov. 12, with Prime Minister Andy Burnham saying now is the time to "continue to ramp up pressure on Russia to agree a full and immediate ceasefire."
Britain has imposed sanctions on Russian oil producer Slavneft, saying the move makes it the first country to target all ten of Russia’s largest oil companies. The new package also includes energy companies, ships from the so-called shadow fleet, large coal mining companies and Rosneft’s Arctic Vostok Oil project. The measures were announced on the day of a meeting of the European Political Community in Dublin, where British Prime Minister Andy …
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