UK unleashes strongest sanctions yet on Russia, choking off energy revenues that flow into its war chest by directly targeting oil giants Rosneft and Lukoil.

Government is taking Russian oil ‘off the market’ as 90 sanctions announced.

Foreign Office and Treasury take action in tandem, with Yvette Cooper introducing sanctions in parliament and Rachel Reeves leading discussions with international partners in Washington DC.

The 90 new sanctions strike at the heart of Putin’s war funding, directly targeting Rosneft and Lukoil - two of the world’s biggest energy companies, which together export 3.1 million barrels of oil per day. Rosneft alone is responsible for 6% of global and nearly half of all Russian oil production.

Today’s action demonstrates the government’s determination to cut off

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