On November 12, the United Kingdom announced a new package of sanctions against Russia’s energy sector, becoming the first country in the world to impose restrictions on all ten of Russia’s largest oil-producing companies.
This was announced on the UK government’s website.
The new sanctions package includes vessels from Russia’s shadow fleet transporting oil and liquefied natural gas, major coal companies, and Rosneft’s flagship Arctic oil and gas project, LLC Vostok Oil.
Sanctions were also imposed on Slavneft, bringing all ten of Russia’s largest oil producers under UK restrictions.
The British government noted that the sanctions target almost the entire energy revenue chain, from production companies and trading networks to suppliers and vessels. The aim of the restrictions is to reduce Russia’s ability to finance its war against Ukraine.
British Prime Minister Andy Burnham is arriving in Dublin on November 12 after attending the COP31 climate summit in Türkiye.
“Peace talks on Ukraine have progressed, but now is not the time for complacency. We must continue to increase pressure on Russia to agree to a full and immediate ceasefire,” Burnham said.
According to him, the new sanctions are intended to increase pressure on Russia’s oil revenues and help bring the war to an end.
“We all now need to harness the momentum of the negotiations and find a way forward for our security at home and the security of our continent,” the British prime minister stressed.
