Britain added energy companies and 11 vessels to its Russia sanctions list, including Slavneft, Sibur and Vostok Oil. The measures cover financial dealings and shipping services, with restrictions varying by listing. London announced the package alongside the Dublin summit, describing pressure on Russian energy revenues as its aim; actual revenue effects were not measured.
Britain announced new Russia sanctions on 12 November covering nine companies and 11 vessels, including energy producers and the shipping networks carrying oil and gas. The package includes Slavneft, Sibur and Rosneft's Vostok Oil project, as well as major coal businesses. London said the purpose was to increase pressure on Russian energy revenues as leaders gathered in Dublin.[1], [2]
Company measures include asset freezes, restrictions on trust services and disqualification from company directorships. They generally prohibit dealings with funds or economic resources unless an exception or licence permits them, and can extend to owned or controlled businesses not separately named. The regulations apply in Britain and to British nationals and incorporated entities worldwide.[1]
The vessel additions cover oil carriers and tankers transporting liquefied natural gas, with British port bans and detention powers among the shipping restrictions. Depending on the individual entry, restrictions can also reach technical help, crewing, chartering, brokering and financial services connected to a vessel. The legal decisions set the scope of sanctions; a measured reduction in energy shipments or revenues was not established by the announcement.[1]
