UK sanctions Russia's Slavneft in latest move against oil producers
The package targets extraction firms, trading networks and shipping vessels to curb Moscow’s energy revenue and finance for the war in Ukraine.
- 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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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.
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."
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