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UK sanctions target Slavneft and Vostok Oil

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Illustrative file photo: Krasnoyarsk Pillars, Russian flag, Flag of Russia. Not the current event. · Vyacheslav Argenberg · CC BY 4.0 · https://creativecommons.org/licenses/by/4.0/ · https://commons.wikimedia.org/wiki/File:Krasnoyarsk_Pillars,_Russian_flag,_Flag_of_Russia.jpg · resized and padded to 16:9; illustrative archive photograph; derivative under linked source license
Illustrative photo · Vyacheslav Argenberg / Wikimedia Commons · CC BY 4.0 · resized / padded

In brief

Britain has announced new sanctions targeting Russia’s energy sector. Its government says UK restrictions now cover all ten of Russia’s largest oil producers, as it seeks to curb revenue funding the war.

The UK has announced sanctions against Slavneft, Vostok Oil, major coal companies and vessels in Russia’s “shadow fleet”, Novynarnia reported, citing a British government statement quoted by European Pravda.

The government said Britain had become the first country to sanction all ten of Russia’s largest oil producers. The package includes vessels transporting Russian oil and liquefied natural gas, as well as Vostok Oil, described in the report as Rosneft’s flagship Arctic oil and gas project.

The government said the measures aim to restrict Russia’s energy revenues and ability to finance its war by targeting producers, trading networks, supply chains and vessels. Novynarnia’s report did not specify the announcement date or when the restrictions take effect, list all affected vessels and coal companies, or provide an estimate of the package’s actual impact on Russian revenue.

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Section: World · Energy

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