Britain targets Russia's $50bn Arctic oil project in new sanctions package as Burnham vows to 'turn the screws' on Putin's war funds
Résumé détaillé
The Prime Minister announced the new sanctions as he attended a summit of European leaders in Dublin.
Published: 15:37 GMT, 12 November 2026 | Updated: 17:00 GMT, 12 November 2026
Britain has targeted Russia's flagship Arctic oil project as part of a new sanctions package as Andy Burnham pledged to 'turn the screws' on Vladimir Putin's regime.
The Prime Minister announced the new sanctions as he attended a summit of European leaders in Dublin.
The UK is also taking fresh action against Putin's 'shadow fleet' transporting Russian oil and gas, as well as Russia's major coal companies, and oil firm Slavneft.
It means Britain is the first country in the world to have sanctioned all of Russia's top 10 oil producers, the Government said.
At the heart of the new sanctions package is action against LLC Vostok Oil, which is state-controlled Rosneft's flagship Arctic oil project.
Part of an almost $50billion (£38billion) investment, Vostok Oil is a vast development on the Taimyr Peninsula.
Britain has targeted Russia's flagship Arctic oil project as part of a new sanctions package as Andy Burnham pledged to 'turn the screws' on Vladimir Putin's regime
The announcement of the new UK sanctions coincided with Mr Burnham's attendance at the European Political Community (EPC) on Thursday
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