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 United Kingdom on Wednesday announced 90 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) said the coordinated action, taken jointly with the Treasury, was designed to “strike at the heart” of Russian President Vladimir Putin’s war funding machine.