UK Becomes First Country to Blacklist Russia’s 10 Biggest Oil Producers
The UK sanctioned all 10 of Russia’s largest oil producers on Thursday, Nov. 12, becoming the first country to do so. The new package includes Slavneft, Rosneft’s Vostok Oil project, as well as coal companies, and shadow fleet vessels used to bypass Western sanctions. Prime Minister Andy Burnham announced the move at the 9th European Political Community (EPC) summit in Dublin, where he and…
On November 12, the UK became the first country to blacklist all 10 of Russia's largest oil producers, marking the beginning of a comprehensive sanctions package. The measures, announced by Prime Minister Andy Burnham's office, extend to various links in Russia's oil and gas revenue chain, including producers, traders, supply networks, and tankers.
Slavneft, which constitutes approximately 2.9% of Russia's total oil production, was among those sanctioned. The UK has been building this campaign for over a year, sanctioning Gazprom Neft, Surgutneftegas, Rosneft, Lukoil, Tatneft, Russneft, NNK-Oil, and Rusneftegaz Group among others. As European leaders gathered for the 9th European Political Community summit in Dublin, Burnham emphasized the importance of continued pressure on Russia to agree to a full and immediate ceasefire in Ukraine.
The sanctions, which cover more than 90% of Russia's total oil production capacity, come after the UK sanctioned over 600 vessels and more than 3,500 targets. The European partners met separately to discuss strengthening Ukraine's defenses, financial stability, and security guarantees, welcoming the British sanctions as a step towards limiting Russia's war financing.
Written by urgent.news from Kyiv Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
