UK sanctions Russia's Slavneft in latest move against oil producers
The package targets Russia’s top oil producers and Vostok Oil, as Britain seeks to cut energy revenue used to fund the war.
- On Thursday, Prime Minister Andy Burnham announced a new sanctions package targeting Rosneft's flagship LLC Vostok Oil project and Slavneft, making Britain the first country to sanction all 10 of Russia's largest oil producers.
- These restrictions aim to curb Moscow's energy revenues and intensify pressure to end the war in Ukraine by targeting extraction companies, trading networks, supply chains, and shipping vessels throughout Russia's energy sector.
- The package targets Vostok Oil, the flagship Arctic project on the Taimyr Peninsula backed by an almost $50 billion investment; Britain also expanded its crackdown on the 'shadow fleet' transporting Russian oil and gas.
- Burnham announced the measures while attending a European leaders' summit in Dublin, where he planned to co-chair security discussions with Ukrainian President Volodymyr Zelenskyy and urged leaders from around 50 countries to increase pressure on Vladimir Putin.
- Following the October 1 designation of 31 additional entities targeting disinformation networks and shadow fleet vessels, the government's consistent escalation demonstrates a multi-layered strategy to dismantle Russia's logistical and financial support systems.
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35 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 …
On November 12, the United Kingdom announced a new large-scale package of sanctions against the Russian energy sector. According to the British government, the country was the first in the world to impose restrictions against all ten largest oil producers in the Russian Federation.
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