Britain’s addition of Slavneft to its Russia sanctions list expands pressure on Russian energy earnings, while Russian liquefied natural gas (LNG) continues to reach the European Union ahead of a scheduled 2027 import ban.
On Nov. 12, the Foreign, Commonwealth and Development Office (FCDO) designated PJSC Oil and Gas Company Slavneft. Its notice lists an asset freeze and restrictions on trust services, director disqualification and transport. The Prime Minister’s Office said Slavneft’s addition brought all 10 of Russia’s major oil producers under UK sanctions. The announcement did not name the 10 companies or explain the comparison with other countries.
Other targets in the package include Rosneft’s LLC Vostok Oil, energy and trading businesses, coal firms and vessels linked to Russian oil and LNG shipments. The government said the measures are intended to reduce Russian energy income and limit Moscow’s ability to finance the war. Listed companies face asset freezes and related restrictions, while specified vessels are subject to shipping measures.
Prime Minister Andy Burnham said peace talks on Ukraine had advanced and called for continued pressure on Moscow to agree to a full and immediate ceasefire. In October, the UK said its sanctions covered more than 90% of Russia’s total oil production capacity. It also said Britain was the first Group of Seven (G7) country to sanction Russia’s four largest oil companies.
Russian LNG deliveries to Europe continued in October. The Centre for Research on Energy and Clean Air (CREA) reported that EU imports of Russian LNG were 10% lower than in September. Spain received 138,000 tonnes that month after recording no imports in September.
Urgewald estimated that EU ports received 12.89 million tonnes of LNG from Russia’s Yamal project across 177 cargoes from January through October 2026. It estimated gross payments at €8.7 billion, using Kpler cargo data and benchmark prices. The group said that estimate does not verify payments under contracts or measure Russia’s net state income.
The figures show Russian LNG still reaching EU ports as the UK seeks to constrain Russian energy revenue. The EU ban on LNG imports under existing long-term Russian contracts is scheduled to start Jan. 1, 2027.
