Bank Of Baku

Britain sanctions Russia's Gazprom Neft, Surgutneftegaz

Britain sanctions Russia
# 10 January 2025 23:54 (UTC +04:00)

Britain imposed new sanctions on Russian oil majors Gazprom Neft and Surgutneftegaz on Friday, in a move co-ordinated with the United States.

"Oil revenues are the lifeblood of (Russian President Vladimir) Putin's war economy," foreign minister David Lammy said in a statement. "Taking on Russian oil companies will drain Russia's war chest."

Britain and its Western allies have also been targeting the so-called shadow fleet in response to Russia's invasion of Ukraine, saying that the vessels trade in illicit Russian oil that helps fund Putin's war effort.

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