The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine, with oil tankers and LNG shipping among the main targets as London looks to squeeze Moscow’s energy revenues. Nearly 300 entities have been sanctioned in the new measures announced Tuesday, with the government focusing heavily on the transport and trading of Russian oil and liquefied natural gas. A central target is pipeline operator Transneft, which handles more than 80% of Russia’s crude exports. The UK government said the move is intended to further cut Moscow’s oil income, which officials say has already fallen to its lowest level since 2020. Shipping features prominently in the new package, with 48 sanctioned tankers linked to the Russian shadow fleet used to move crude outside Western restrictions, alongside 175 companies tied to the so-called 2Rivers trading network, one of the largest operators moving Russian barrels. The measures also hit Russia’s LNG shipping and export chain, including two gas carriers, LNG Soars and Kunpeng. Two Baltic export terminals — Portovaya and Vysotsk — and their operators were also sanctioned, along with traders involved in moving cargoes. The UK said the latest actions are aimed at deterring and disrupting the shadow fleet and restricting Russia’s ability to sell energy on international markets. Foreign Secretary Yvette Cooper said the new measures were designed to “disrupt the critical financing, military equipment and revenue streams that sustain Russia’s aggression”. Beyond shipping and energy, the sanctions cover 49 entities linked to Russia’s military supply chains, three civil nuclear companies seeking overseas contracts and nine Russian banks involved in cross-border payments. The announcement came as Cooper visited Kyiv to confirm £30m in new funding to support Ukraine’s energy system, bringing total UK support since the start of the war to £21.8bn. The UK said it has now sanctioned more than 3,000 individuals, companies and vessels under its Russia regime. Separately, the European Union failed to agree on a 20th sanctions package this week after Hungary vetoed the proposal amid a dispute over oil supplies and a €90bn loan for Ukraine. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsRussia Ukraine United Kingdom