UK hits Russian oil giant Transneft with sanctions on fourth anniversary of invasion

Britain has sanctioned oil giant Transneft and dozens of tankers to disrupt Russian revenues. This major package marks the fourth anniversary of the war today.

The United Kingdom GBGB government announced a package of nearly 300 sanctions on February 24, 2026, targeting the core of Russia RURU energy infrastructure. This latest round of measures specifically focuses on the oil pipeline operator Transneft, which is described as the transporter of more than 80% of crude exports from the country. The package also includes 175 companies within the Dubai-based 2Rivers group and 48 oil tankers identified as part of a so-called shadow fleet, aiming to further reduce energy revenues and disrupt seaborne crude export networks that sustain the war effort.
FILE PHOTO: Petrol trucks are parked at Volodarskaya LPDS production facility owned by Transneft oil pipeline operator in the village of Konstantinovo in the Moscow region, Russia June 8, 2022. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: Petrol trucks are parked at Volodarskaya LPDS production facility owned by Transneft oil pipeline operator in the village of Konstantinovo in the Moscow region, Russia June 8, 2022. REUTERS/Maxim Shemetov/File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.