Negotiations in the UK Russian Oil Giants and ‘hijackers’ in the new crackdown
The UK has announced a new injection of money aimed at Russia, targeting the country’s largest oil producers, tankers connected to the country, and foreign partners helping to keep Russian Crude flowing to world markets.
Unveiled by Chancellor Rachel Reeves ahead of meetings with world financial leaders in Washington, DC, the maritime package includes 90 new initiatives and represents one of Vladimir Putin’s most aggressive efforts
“We are sending a clear signal: Russian oil is off the market,” Reveves said, hoping to “increase momentum in Russia and Vladimir Putin’s War.”
The deals hit Rosneft and Luyoil, Russia’s biggest oil producers, which together sell about 3.1 million barrels a day – about 6% of the world’s supply.
Rosneft, the larger of the two, accounts for nearly half of Russia’s entire oil output and is Moscow’s biggest source of foreign capital.
The UK has also installed 44 tankers linked to Russia’s so-called “Shadow Fleet” – Ships used to transport oil under existing proprietary frameworks to avoid existing Western frameworks.
Reeves said the move was designed to “destroy the Russian government’s ability to continue this illegal war in Ukraine.”
In an important addition to the UK Regimels Regimel, the list also includes companies based in India and China who are accused of helping to divert Russian Crude to world markets.
Among them is Nayara Energy Limited, one of India’s leading independent analysts, which is part owned by Rosneft. The UK government said the company had imported 100 million barrels of Russian oil worth more than $5 billion (£3.75 billion) in 2024 alone.
“We are increasing the pressure on companies in third countries, including India and China, who continue to facilitate access to Russian oil on the global market,” Reves said.
Beijing and Delhi have become key exporters of Russian oil since the West imposed the G7 Price Cap and banned sea imports from Russian crude by 2022.
Reeves made the announcement alongside Foreign Secretary Yvette Cooper at the annual meetings of the fiscal year, where discussions with G7 partners focused on working Russian fascists to support Ukraine.
“Today’s action is another step towards peace and lasting stability in Ukraine, and a more secure regime,” Cooce said.
The G7 is expected to discuss a proposal next week to hold the profits generated by hundreds of Russians by investing in Russian money, much of which is held in money at the European Central Bank. The EU – long reluctant in terms of possible legal consequences – is said to have developed a way to redirect those funds to Ukraine.
Earlier this year, the UK joined the US in Gazprom NEFT and surlutneftegas, extending the restrictions to cover almost all of Russia’s major energy producers. At the time, foreign secretary David Lammy said the measures would ‘deplete Russia’s war chest’ – and every ruble we take from Putin’s page helps save Ukrainian lives. “
The latest round is intensifying the pressure not only on Moscow but also on the countries that continue to buy Russian Crude.
In Washington, said Secretary Sheari, Scott is considering whether the White House is considering tariffs of up to 500% on oil stores linked to the purchase of Russian oil – even if our European partners will join. “
“We will respond if our European partners will join,” Bessent told reporters on Wednesday.
The destruction of the UK as the IMF warns of slowing global growth and the rise of geopolitics creakotion – with the war in Ukraine, the Israeli-Gaza conflicts, and the US-China tensions all weigh on economic stability.
