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Foreign, Commonwealth and Development Office gov.uk

New UK sanctions hit the money, oil and supply chains fuelling Russia's war

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Statement

Sanctions Classified by Officially

The UK has today unveiled wide ranging sanctions targeting individuals and entities which: 

  • Produce or transport Russian oil, which funds Russia’s wartime economy
  • Facilitate the production or global trade of items used to support Russia’s ballistic missile capabilities and fuel their military-industrial base
  • Fuel Russia’s war chest by circumventing sanctioned financial services

    • The 38 new designations include Russian oil companies, shadow fleet tankers, and those supplying goods critical to Russia’s military.

    We’re also clamping down on those helping Russia evade sanctions, including through financial services and crypto exchanges.

    The message is simple: if you help Russia fund or equip this war, you will face the consequences.

  • Today the UK sanctions two more Russian oil companies: Zarubezhneft and INK Capital.
  • The UK was the first country in the G7 to sanction the top 4 Russian oil companies – with today’s targets, UK sanctions now cover over 90% of Russia’s total oil production capacity.
  • By sanctioning these companies, we’re not only stemming the flow of Russian oil money, but cutting off the routes used to circumvent our sanctions regime by making it harder for major Russian oil companies to rebadge their oil under the name of an unsanctioned entity. 

    • Today we are sanctioning a further 12 oil tankers operating as part of Russia’s shadow fleet – bringing the total number sanctioned to over 600.

    These targets form part of Russia’s illicit oil trading network. Shadow fleet vessels are often over 20 years old, engaging in deceptive shipping practices to circumvent our sanctions, and can be sailing under false flags. Through this action we’re not only targeting ships already on the water, but going after those who facilitate the supply chain used to move Russia’s oil around the world.

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    Contains public sector information licensed under the Open Government Licence v3.0. Licence

    Read the original at the source: https://www.gov.uk/government/news/new-uk-sanctions-hit-the-money-oil-and-supply-chains-fuelling-russias-war

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    Provenance

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    Foreign, Commonwealth and Development Office — imported from official source
    Official source
    https://www.gov.uk/government/organisations/foreign-commonwealth-development-office.atom ATOM
    Imported
    October 08, 2026 12:00
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    1 recorded
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    https://www.gov.uk/government/news/new-uk-sanctions-hit-the-money-oil-and-supply-chains...

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