US EditionPublished • loading... • Updated
UK Sanctions Russian Oil and Gas Firms Over Ukraine War
- On Wednesday, the United Kingdom government sanctioned Rosneft, Lukoil, more than 40 shadow fleet tankers, and four Chinese oil terminals as part of 90 new sanctions.
- Foreign Secretary Yvette Cooper said the sanctions aim to tighten pressure and make Russia's escalation come at a clear cost, while Rachel Reeves, Chancellor of the Exchequer, said they seek to 'choke off energy revenues' and increase pressure on Vladimir Putin, Russian President's war effort.
- Measures against Rosneft and Lukoil include asset freezes, director disqualifications, and trust services sanctions; Rosneft CEO Igor Sechin and Lukoil CEO Vagit Alekperov have been under British sanctions since spring 2022.
- London said the sanctions are a 'huge blow' to Russian President Vladimir Putin and named India's Nayara Energy Limited, which imported 100 million barrels worth more than $5b last year, for EU summit review next week.
- Earlier this year, the UK joined the US in sanctioning Gazprom Neft and Surgutneftegas, while Defence Secretary John Healey confirmed Nato support and delivery of more than 85,000 weapons to Ukraine.
Insights by Ground AI
Podcasts & Opinions
96 Articles
96 Articles
The Shadow Fleet Secrets
Hundreds of old oil vessels are used to avoid sanctions on Russian oil trade. By now, it is known where they are sailing, what they are shipping and where to. But who are the former owners of these ships? Who became rich selling rusty ship wrecks that merely float? And who paid for them? Led by Follow the Money, an international team of investigative reporters has followed the money trail of the dark fleet
Russian President Vladimir Putin welcomed Thursday that his country remains "one of the leading producers" in the world of oil, despite the Western sanctions and the pressure of its US counterpart Donald Trump on Moscow customers. ...
·Brussels, Belgium
Read Full Article
Coverage Details
Total News Sources96
Leaning Left19Leaning Right9Center10Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 26%
R 24%
Factuality
To view factuality data please Upgrade to Premium
