Russia

U.K. Expands Sanctions to Cover 90% of Russian Oil Output, Shadow Fleet and Finance Networks

The Moscow Times · 2026-10-08

AI SUMMARY

• What happened: U.K. Expands Sanctions to Cover 90% of Russian Oil Output, Shadow Fleet and Finance Networks Oct. 8, 2026 Zarubezhneft's Kharyaginskoye oil field in the Nenets Autonomous Okrug. Zarubezhneft / nestro.ru Britain on Thursday announced sanctions targeting 38 Russian energy companies, shadow fleet oil tankers and financial... • Why it matters: This update may be relevant for Cyprus residents, visitors, businesses or policymakers. • What to watch next: Follow CyprusDailyLife for updates.

Oct. 8, 2026 Zarubezhneft's Kharyaginskoye oil field in the Nenets Autonomous Okrug. Zarubezhneft / nestro.ru Britain on Thursday announced sanctions targeting 38 Russian energy companies, shadow fleet oil tankers and financial networks that allegedly fuel Russia’s war effort. “The message is simple: if you help Russia fund or equip this war, you will face the consequences,” the Foreign Office said in a statement. London added 17 entities and individuals supplying high-priority goods to Russia, including importers of machine tools and electronics key to the country’s ballistic missile and drone capabilities. One of the sanctioned individuals is Dutch national Alexander Jan Hendrik Tattersall, who is allegedly associated with the sanctioned Turkish trader Redwing Metal. Britain sanctioned two Russian energy producers, saying the restrictions now cover more than 90% of Russia’s total oil production capacity. An additional 12 tankers were also sanctioned, expanding the total number of targeted shadow fleet vessels to more than 600. Targeting Russia’s alternative payment systems and crypto exchanges used to bypass Western sanctions, Britain designated five financial entities, including one registered in Canada and three in Kyrgyzstan. The financial measures follow the U.S. Treasury’s recent crackdown on Russia’s A7 shadow banking network, which the U.S. claimed to have processed through sub-agents more than $17 billion in global transactions between January 2025 and June 2026. The Foreign Office claimed two of the newly sanctioned payment platforms directly facilitated transactions for the A7 platform. Read more about: Sanctions , United Kingdom Sign up for our free weekly newsletter Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview Subscribers agree to the Privacy Policy We sent a confirmation to your email. Please confirm your subscription. A Message from The Moscow Times: Dear readers, We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent." These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia. We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help. Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact. By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us. Once Monthly Annual Continue Not ready to support today? Remind me later. × Remind me next month Remind me Thank you! Your reminder is set. We will send you one reminder email a month from now. For details on the personal data we collect and how it is used, please see our Privacy Policy. Read more United Kingdom Targets Transneft in ‘Biggest Sanctions Package’ Since 2022 Invasion London also sanctioned 175 companies in the Dubai-based 2Rivers group, which British authorities accuse of being one of the world’s largest “shadow... 2 Min read U.K. Imposes Sanctions on Akhmat Kadyrov Foundation, Kremlin-Backed Youth Group London accused eight Russians and three organizations of participating in the deportation and “indoctrination” of Ukrainian children. 2 Min read U.K. Sanctions Russian GRU Agents Over Cyber Attacks and Hybrid Threats London accused the Russian agency of "running a campaign to destabilize Europe, undermine Ukraine's sovereignty and threaten the safety of British citizens... 1 Min read UK Hits Russia and Belarus With New Wave of Sanctions The UK hit Russia and Belarus with a new wave of sanctions Thursday, targeting 59 new Russian individuals and enterprises and six Belarusian entities.

Source: The Moscow Times
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