Energy sector targets and key measures

The centrepiece of these new measures is the designation of PJSC Transneft, one of the world's largest oil pipeline companies, reportedly responsible for transporting over 80 per cent of Russian oil exports.

The UK has also sanctioned:

• The '2Rivers' oil network: 175 companies within this network have been designated. It is described as one of the largest shadow fleet operators globally and a major trader of Russian crude oil.
• Shadow fleet vessels: A further 48 oil tankers alleged to be involved in the illicit transportation of Russian oil have been designated.

Broadening the scope: Additional designations

Beyond the energy sector, the measures extend to several other critical areas to disrupt Russia's war capability:

• Military supply chains: 49 entities and individuals designated for sustaining Russia's war machine, including international suppliers of goods and technology for drones.
• Civil nuclear energy: 3 companies and 2 individuals sanctioned for attempts to secure contracts for new Russian nuclear installations overseas.
• Liquified Natural Gas (LNG): 6 targets in the LNG industry, including ships and key export terminals responsible for exporting Russian LNG.
• Financial sector: 9 Russian banks sanctioned for processing cross-border payments.

In parallel, the UK Foreign Secretary, during a visit to Ukraine, announced a £30 million support package for Ukraine. This funding is allocated to repair energy infrastructure and to support justice and accountability initiatives.

This latest package brings the total number of individuals, businesses and ships sanctioned under the UK's Russia regime to over 3,000, while total UK support to Ukraine since the start of the conflict now stands at £21.8 billion.

The press release can be found here