UK sanctions Russia's Slavneft in latest move against oil producers
The package targets nearly every stage of Russia’s oil and gas revenue chain, including traders, tankers and coal firms, officials said.
- On Thursday, the United Kingdom announced a new sanctions package targeting Russia's energy sector, making Britain the first country to sanction all 10 of Russia's largest oil producers by adding Slavneft and designating LLC Vostok Oil.
- Prime Minister Andy Burnham pledged to 'turn the screws' on Vladimir Putin's regime while attending a Dublin summit, aiming to limit funds Moscow uses to finance its invasion of Ukraine.
- Fresh action targets Russian 'shadow fleet' vessels transporting oil and gas alongside Vostok Oil, Rosneft's flagship Arctic project valued at almost $50 billion, broadening efforts to disrupt energy revenue streams.
- Burnham plans to meet Ukrainian President Volodymyr Zelenskyy at the summit to discuss US-brokered talks in Abu Dhabi, seeking to harness negotiation momentum and force serious ceasefire engagement from Moscow.
- These measures build on October 1 designations targeting Kremlin-linked disinformation networks and Russian LNG vessels, reflecting a phased escalation designed to use energy sanctions as leverage for peace negotiations.
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"Ukraine welcomes this firm and timely decision. The Russian Federation must face an ever-increasing economic cost for every day it continues with its aggression," according to the Ministry, in a statement released on social networks.
The British Prime Minister announced sanctions against the top ten Russian oil producers, becoming the first country to do so. This measure, unveiled at the Community summit...
Sybiha welcomes UK sanctions on 10 largest Russian oil companies
Ukrainian Foreign Minister Andriy Sybiha has welcomed the United Kingdom's decision to impose sanctions on all 10 of Russia's largest oil-producing companies, describing the move as a significant contribution to cutting off sources of funding for Russia's war of aggression, the Ukrainian Foreign Ministry's press service said late Thursday.
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