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UK Becomes First Country to Sanction All 10 of Russia’s Largest Oil Producers

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A British flag flies over HMP Brixton in London, England. (Source: Getty Images)
A British flag flies over HMP Brixton in London, England. (Source: Getty Images)

The United Kingdom announced a new sanctions package against Russia’s energy sector on November 12, according to an official statement from the British government.

After adding Slavneft  to its sanctions list, the UK became the first country in the world to impose restrictions on all 10 of Russia’s largest oil producers.

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Earlier British sanctions packages already targeted Russia’s top oil giants—Rosneft, Lukoil, Gazprom Neft, and Surgutneftegas—alongside its subsidiary Bashneft. London also previously blacklisted major independent and state-linked producers Tatneft, Russneft, Zarubezhneft, and INK Capital.

The new measures target Russian shadow fleet vessels used to transport oil and liquefied natural gas, major coal companies, and the Arctic oil and gas project Vostok Oil, which belongs to Rosneft.

According to the British government, the restrictions are aimed at nearly every stage of revenue generation in Russia’s oil and gas sectors, including extraction companies, trading networks, supply chains, and shipping vessels.

The goal of the package is to further limit Moscow’s ability to earn money from energy exports and use those funds to finance Russia’s full-scale invasion of Ukraine.

“Peace talks on Ukraine have moved forward, but now is not the time for complacency. We must continue to increase pressure on Russia so that it agrees to a full and immediate ceasefire,” UK Prime Minister Andy Burnham stated.

Burnham said the new restrictions are designed to tighten pressure on Russian oil revenues and help bring an end to the war.

During the summit, he also plans to hold a joint meeting with Ukrainian President Volodymyr Zelenskyy and other European leaders to discuss the outcomes of recent talks in Abu Dhabi, next diplomatic steps, and security guarantees for Ukraine.

The British prime minister emphasized the need for legally binding security guarantees alongside continued pressure on Russia during peace negotiations.

On October 1, the UK introduced 31 additional designations targeting Russian LNG shadow fleet vessels, Kremlin-linked disinformation networks, and individuals accused of torturing Ukrainian civilians and indoctrinating children forcibly deported from Ukraine.

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Slavneft is one of Russia’s ten largest vertically integrated oil and gas companies, engaged in hydrocarbon exploration, crude oil production, and refining. Headquartered in Moscow, the company operates major oil fields in Siberia as well as key refineries, including the Yaroslavl Refinery in Russia and the Mozyr Refinery in Belarus. It is jointly controlled on a parity basis by Russian state-backed energy giants Rosneft and Gazprom Neft.

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