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UK Hits Rosneft and Lukoil in Sweeping Sanctions to Throttle Russian Oil Revenues

London says the 90‑target package aims to choke off Kremlin oil revenues by blacklisting major producers, tanker networks, overseas enablers.

Overview

  • The measures place asset freezes, director disqualifications and trust‑services restrictions on Rosneft and Lukoil for the first time under UK rules.
  • Officials added more than 40 shadow‑fleet tankers, four Chinese oil terminals and India’s Nayara Energy to the blacklist to disrupt rerouted crude flows.
  • The package also targets eight specialized LNG carriers and China’s Beihai LNG terminal, with a new UK ban on oil products refined in third countries from Russian crude.
  • London expanded sanctions to Russian banks and the National Payment Card System, while hitting suppliers of drone and missile electronics across China, India, Turkey, Thailand and Singapore.
  • Rosneft and Lukoil together export about 3.1 million barrels per day, and UK ministers are pressing G7 partners in Washington for tighter enforcement with further steps signaled.