The United Kingdom has become the first country in the world to impose sanctions on all ten of Russia’s largest oil producers, after adding Slavneft (ПАО «Славнефть») to its sanctions list. The package, announced by Prime Minister Andy Burnham on the margins of the European Political Community summit in Dublin, targets nearly every link in Russia’s energy revenue chain.
Full List of Sanctioned Entities and Vessels
Oil and Gas Companies
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Slavneft (ПАО «Славнефть») — one of Russia’s ten largest vertically integrated oil and gas companies, jointly controlled by Rosneft and Gazprom Neft.
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Vostok Oil (ООО «Восток Ойл») — Rosneft’s flagship Arctic oil and gas project.
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Sibur Holding (ПАО «Сибур Холдинг») — Russia’s largest petrochemical company.
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NIPIgazpererabotka (АО «НИПИгазпереработка») — a research and design institute for gas processing.
Coal Companies
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Kuzbassrazrezugol (АО «Кузбассразрезуголь») — one of Russia’s largest coal producers.
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Siberian Coal Energy Company / SUEK (АО «СУЭК») — a major Russian coal and energy company.
Trading Companies (UAE-based)
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Forteza Trading
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Novus Energy
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Patera
Vessels
LNG Carriers (5):
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Melicertes (IMO 9958303)
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Neleus (IMO 9958315)
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Perle
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Aeolus
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Oneiroi
Oil Tankers (5):
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Apeks (IMO 9274616)
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Sara Sky
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Balu 6
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Yvika
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Alma
Floating LNG Storage:
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Koryak FSU («Коряк FSU») — operated by NOVATEK
“Turn the Screws on Russia’s Oil Revenues”
“Peace talks on Ukraine have progressed but now is not the time for complacency – we must continue to ramp up pressure on Russia to agree a full and immediate ceasefire,” Burnham said. “That is why the UK has announced a sweep of stinging new sanctions to turn the screws on Russia’s oil revenues and drive forward an end to the Kremlin’s needless war”.
The UK had previously sanctioned Rosneft, Lukoil, Gazprom Neft, Surgutneftegas, Tatneft, Russneft, Zarubezhneft, and INK Capital . With Slavneft’s designation, all ten of Russia’s top oil producers are now covered.
Strategic Impact
The measures target “nearly every part of the energy revenue chain across the oil and gas sectors, including producers, trading networks, supply chains, and vessels, to further constrain Russia’s ability to generate revenue and finance its illegal war,” the UK government stated .
The announcement came as Burnham co-chaired a meeting on Ukraine alongside President Zelenskyy, discussing how to build on recent peace talks in Abu Dhabi and secure legally binding security guarantees for Ukraine.
