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UK Sanctions Russian Oil and Gas Firms Over Ukraine War
- On Wednesday, the United Kingdom government sanctioned Rosneft, Lukoil, more than 40 shadow fleet tankers, and four Chinese oil terminals as part of 90 new sanctions.
- Foreign Secretary Yvette Cooper said the sanctions aim to tighten pressure and make Russia's escalation come at a clear cost, while Rachel Reeves, Chancellor of the Exchequer, said they seek to 'choke off energy revenues' and increase pressure on Vladimir Putin, Russian President's war effort.
- Measures against Rosneft and Lukoil include asset freezes, director disqualifications, and trust services sanctions; Rosneft CEO Igor Sechin and Lukoil CEO Vagit Alekperov have been under British sanctions since spring 2022.
- London said the sanctions are a 'huge blow' to Russian President Vladimir Putin and named India's Nayara Energy Limited, which imported 100 million barrels worth more than $5b last year, for EU summit review next week.
- Earlier this year, the UK joined the US in sanctioning Gazprom Neft and Surgutneftegas, while Defence Secretary John Healey confirmed Nato support and delivery of more than 85,000 weapons to Ukraine.
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Coverage Details
Total News Sources86
Leaning Left17Leaning Right7Center10Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 29%
R 21%
Factuality
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