Britain imposes sanctions on Russia’s 10 largest oil producers and shadow fleet vessels
On November 12, the United Kingdom announced a major new sanctions package targeting Russia’s energy sector. According to the British government, the country became the first in the world to impose restrictions on all ten of Russia’s largest oil producers.
The UK government announced this, Censor.NET reports.
The new sanctions cover Russian oil and coal companies, businesses involved in energy trading, and vessels used to transport Russian oil and liquefied natural gas.
According to the British Foreign Office’s official sanctions notice, 20 new entries were added to the sanctions list on November 12.
They include Russian oil and gas company Slavneft and Vostok Oil LLC, a Rosneft-owned company developing a large-scale Arctic oil and gas project.
The restrictions also target petrochemical holding company Sibur, NIPIGAZ, coal companies Kuzbassrazrezugol and SUEK, and several companies registered in the United Arab Emirates.
Separate sanctions were imposed on vessels that British authorities assess are transporting Russian oil, petroleum products or liquefied natural gas to third countries.
The restrictions include asset freezes on companies, bans on providing certain services, and transport sanctions. Designated vessels are prohibited from entering British ports and receiving a range of services, including financial, brokering and chartering services.
The British government said the new measures aim to curb Russia’s revenues at every stage of the energy supply chain, from production to trading and transportation.
UK Prime Minister Andy Burnham stressed that, despite progress in peace talks on Ukraine, it was too early to ease pressure on Moscow.
According to him, London will continue tightening sanctions to reduce Russia’s oil revenues and secure a full and immediate ceasefire.
