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UK Sanctions All Ten of Russia’s Largest Oil Producers

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UK Sanctions All Ten of Russia’s Largest Oil Producers

The United Kingdom has imposed sanctions on all ten of Russia’s largest oil-producing companies, becoming the first country to target the entire group. The new restrictions also cover major coal companies, Rosneft’s flagship Arctic oil and gas project, and vessels belonging to Russia’s shadow fleet, UATV English reports.

The UK government announced the measures on the sidelines of the European Political Community summit in Dublin.

Among the newly sanctioned entities is Slavneft. The restrictions also target Vostok Oil, Rosneft’s flagship Arctic project, as well as shadow fleet vessels used to transport Russian oil and liquefied natural gas. Major companies in Russia’s coal sector have also been included.

According to the British government, the measures cover almost the entire chain through which Russia generates revenue from its energy sector, from oil and gas production to trading, supply networks, and maritime transportation.

The aim is to reduce revenues flowing into the Russian state budget and limit the Kremlin’s resources to continue its war against Ukraine.

British Prime Minister Andy Burnham called on European partners to maintain and increase pressure on Moscow, arguing that recent progress in peace negotiations should not lead to a relaxation of efforts.

“Peace negotiations in Ukraine have made progress, but now is not the time for complacency. We must continue to increase pressure on Russia to secure a full and immediate ceasefire,” Burnham said.

He also stressed that Europe must play an active role in the negotiating process while maintaining sanctions pressure on Russia.

At the summit, Burnham is scheduled to co-chair a meeting on Ukraine alongside President Volodymyr Zelenskyy. Participants are expected to discuss how to build on the progress made during the recent talks in Abu Dhabi and advance efforts toward a just and lasting peace.

The British prime minister is also expected to emphasize the need for reliable, legally binding security guarantees for Ukraine as a key condition for a peace settlement, while supporting Zelenskyy’s call for a full and immediate ceasefire.

Separately, Burnham and Danish Prime Minister Mette Frederiksen are due to co-chair a meeting on defense and security, focusing on countering hybrid threats and coordinating European efforts.

Read Also: Zelenskyy: Russia Refused to Discuss Black Sea De-Escalation in Abu Dhabi, Putin Wants to Keep Striking Energy and “Destroy Life in Ukraine’s Big Cities”

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