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UK Unveils Toughest Russia Sanctions, Targeting Rosneft, Lukoil and the Shadow Fleet

The move aims to choke off Kremlin oil revenue by targeting producers, third‑country hubs, tankers, financiers.

Overview

  • Rosneft and Lukoil face asset freezes, director disqualifications, transport restrictions and a ban on UK trust services.
  • The package names 90 new targets, including 44 shadow‑fleet tankers, four oil terminals in China and India’s Nayara Energy.
  • Britain also listed Russian banks and the National Payment Card System while striking suppliers of electronics used in drones and missiles across China, India, Turkey, Thailand and Singapore.
  • Sanctions extend to specialized LNG carriers and China’s Beihai LNG terminal linked to shipments from the Arctic LNG2 project.
  • London announced a ban on imports of petroleum products refined from Russian‑origin crude in third countries, as Chancellor Rachel Reeves seeks allied coordination in Washington.