UK Targets Russian Oil Trading ‘Lynchpins’ With Sanctions
- New sanctions focus on two oil trading firms and 20 vessels
- Coral Energy stopped trading Russian oil, it previously said
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The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet” vessels.
The financial curbs on oil trading firms, 2Rivers DMCC and 2Rivers Pte Ltd. will clamp down on Russia’s oil revenues and drain President Vladimir Putin’s “war chest,” the UK government said in a statement on Tuesday. The two firms were “key lynchpins in enabling the trading of Putin’s precious oil,” it said.