The UK government has imposed sanctions on Russia’s two largest oil companies, Lukoil and Rosneft, as well as 51 tankers linked to the so-called “shadow fleet,” in what it described as a renewed effort to tighten energy sanctions and cut off Kremlin revenues, according to Reuters.
“We are introducing targeted sanctions against the two biggest oil companies in Russia, Lukoil and Rosneft,” Finance Minister Rachel Reeves said on Wednesday, October 15, 2025, while on a trip to the United States.
“At the same time, we are ramping up pressure on companies in third countries, including India and China, that continue to facilitate the transport of Russian oil onto global markets,” she added.
Reeves emphasized that there was “no place for Russia on global markets” and that Britain would take all necessary steps to prevent Moscow from funding its war in Ukraine.
The new sanctions target 51 ships within the shadow fleet, as well as individuals and entities across sectors including energy and defense.
The shadow fleet has increasingly become the focus of sanctions from Britain, the United States, and the European Union since Russia’s invasion of Ukraine in February 2022.
The fleet comprises a network of older tankers that officials say are used to evade restrictions on Russian oil exports.
Russia’s embassy in London did not immediately respond to a request for comment.
Source:https://energynewsafrica.com
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