Britain Sanctions All Ten of Russia's Largest Oil Companies
On Thursday, 12 November, Britain imposed sanctions on the Russian oil company Slavneft and other energy firms and vessels. It is the first country to have sanctioned all ten of Russia's largest oil companies.
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Britain on Thursday, 12 November, announced new sanctions on the Russian oil company Slavneft, as well as several other energy companies and ships. With this decision, all ten of Russia's largest oil-producing companies are now on the British sanctions list. According to the news agency Reuters, Britain is the first country to have restricted all of them.
British Prime Minister Andy Burnham said the aim of the sanctions is to increase pressure on Russia's oil revenues and bring closer the end of what he called a senseless war started by the Kremlin.
What the new restrictions cover
The sanctions apply to vessels involved in transporting Russian oil and liquefied natural gas. They also affect Rosneft's Vostok Oil project.
The list also includes the major coal companies Kuzbassrazrezugol and the Siberian Coal Energy Company (SUEK). In addition, the joint-stock company NIPIgazpererabotka and three companies from the United Arab Emirates — Forteza Trading, Novus Energy and Patera — have been added.
Earlier steps
London had already sanctioned major Russian energy companies such as Transneft, Rosneft and Lukoil. The British government said that adding Slavneft means all ten of Russia's largest oil-producing companies are now subject to UK sanctions.
