UK Expands Sanctions on Russian Oil Companies and Billionaire

19 Dec UK Expands Sanctions on Russian Oil Companies and Billionaire

Britain has imposed new sanctions targeting 24 individuals and entities linked to Russia, including its largest remaining unsanctioned oil companies: Tatneft, Russneft, NNK-Oil, and Rusneftegaz.

The measures also target Canadian-Pakistani billionaire Murtaza Lakhani.

This action aims to tighten pressure on Moscow over the Ukraine war and make it harder for Russia to trade oil globally.

Earlier, in October, Britain and the U.S. sanctioned Russia’s two largest oil companies, Lukoil and Rosneft. Related News