UK strikes at Putin's oil war chest: 90 new sanctions hit Rosneft, Lukoil, India’s Nayara

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India, October 16, 2025 (Thursday)

UK targets Russia's oil chest: 90 new sanctions hit Rosneft, India’s Nayara Energy & more; move aims to choke Kremlin’s war funding – The Times of IndiaEditionININUSEnglishEnglishहिन्दीमराठीಕನ್ನಡதமிழ்বাংলাമലയാളംతెలుగుગુજરાતીWeatherSign InTOIBusinessIndia BusinessInfrastructureGold Rates TodaySilver Rates Today Platinum Rates TodayFinancial LiteracyDon't Get ScammedFinancial CalculatorsInternational

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fundingTrendingTrump TariffsPF WithdrawalTop Stock TodayGold price predictionUS–India tradeStock Market TodayTarun GargTrump TariffsPF WithdrawalTop Stock TodayGold price predictionUS–India tradeStock Market TodayTarun GargTrump TariffsPF WithdrawalTop Stock TodayGold price predictionUS–India tradeStock Market TodayTarun GargUK targets Russia’s oil chest: 90 new sanctions hit Rosneft,

India’s Nayara Energy & more; move aims to choke Kremlin’s war fundingTOI Business Desk / TIMESOFINDIA.COM / Updated: Oct 16, 2025, 09:37 ISTShareAA+Text SizeSmallMediumLargeThe UK has imposed 90 new sanctions on Russia’s oil sector and Indian firm Nayara Energy Limited

to disrupt Moscow’s war funding. The measures target oil terminals, tankers, and major Russian energy companies like Rosneft and Lukoil, aiming to reduce Russian oil on the market and cut off revenue streams. The United Kingdom on Wednesday announced 90

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new sanctions targeting Russia's oil sector and Indian petroleum firm Nayara Energy Limited, in a fresh bid to cut off Moscow's wartime revenue streams.The UK's foreign, commonwealth and development office (FCDO) reported the coordinated action, taken jointly with the Treasury,

was designed to “strike at the heart” of Russian President Vladimir Putin’s war funding machine.“Today’s action demonstrates the government’s determination to cut off Putin’s revenue streams – targeting Russian companies and their global enablers,” the FCDO reported in a statement.'INDIA

WON'T BUY RUSSIAN OIL': Trump's Huge Claim, Calls PM Modi His Friend | WATCHSanctions hit ‘shadow fleet,’ oil terminals, and Indian refinerThe sanctions package targets four oil terminals in China, 44 tankers in what the UK described as a “shadow

fleet” used to transport Russian crude, and Nayara Energy Limited, which the FCDO claimed had imported 100 million barrels of Russian oil worth over USD 5 billion in 2024 alone.London reported the move is intended to “take Russian oil off

the market” and choke off the flow of energy revenues feeding Putin’s “war chest” amid the ongoing conflict with Ukraine.EU sanctions Nayara Energy earlier had been hit by European Union (EU) sanctions. “Nayara Energy operates in full compliance with the

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laws and regulations of India. As an Indian company, we are deeply committed to supporting the nation’s energy security and fostering economic growth,” Nayara Energy had reported. “Recently, Nayara Energy has come under international scrutiny, facing political pressures and the

imposition of sanctions by the European Union which have no legal basis. However, We categorically state that this unilateral move by the European Union is founded on baseless assertions, representing an undue extension of authority that ignores both international law

and the sovereignty of India,” it added. Focus on Rosneft, Lukoil — the Kremlin’s biggest earnersThe UK reported the new measures also directly target Russia’s energy behemoths Rosneft and Lukoil — two of the world’s largest oil exporters, together shipping

about 3.1 million barrels a day.Rosneft alone, the FCDO noted, accounts for nearly half of Russia’s oil production and roughly six per cent of global supply.About the AuthorTOI Business DeskThe TOI Business Desk is a vigilant and dedicated team of

journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business

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landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about

the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read MoreEnd of ArticleFollow Us On Social Media Photostories Recreate easy Dhaba-style recipes under 20 minsOnce came to Mumbai to meet Amitabh Bachchan; now Anand

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