Britain has imposed sanctions against four Russian oil companies

On December 18, Great Britain imposed sanctions against four major Russian oil companies – Tatneft, Russneft, Rusneftegaz, and NNK-Oil. This was reported by Office of Financial Sanctions Implementation, HM Treasury, United Kingdom.

In total, 24 new entries have been added to the sanctions list, including five individuals and 19 companies. All of them are subject to asset freezes and other financial restrictions.

The public joint-stock company "Russneft" has been added to the list for its activities in the Russian energy sector.

Tatneft named after V.D. Shashin, registered in Almetyevsk, was also sanctioned for doing business in a sector of strategic importance to the Russian government.

Rusneftegaz Group Limited Liability Company and NNK-Oil LLC (Independent Oil and Gas Company) are included in the list on similar grounds.

In addition to Russian energy companies, companies from the UAE involved in trading Russian energy, including Saphira Energy FZE, Altrum Group FZCO, Redwood Global Supply FZ-LLC, and others, were also sanctioned.

The Uzbek companies Fargona Kimyo Zavodi LLC (Fergana Chemical Plant), Gelion Business Trade, LLC JV Chemistry International, and Raw Materials Cellulose MCHJ have been added to the list. They are accused of destabilizing Ukraine through the supply of goods or technologies.

Among the individuals sanctioned is Rustam Muminov (a citizen of Uzbekistan, Israel, and Russia), who is accused of providing financial services that could contribute to the destabilization of Ukraine.

The sanctions entail the freezing of assets of all listed individuals and companies in the UK. Financial institutions are prohibited from conducting any transactions with their accounts without special permission from the Office of Financial Sanctions.

• On November 28, it became known that Great Britain allowed business operations to continue temporarily with Lukoil International, despite the fact that the parent company, Russian Lukoil, is under sanctions.