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UK sanctions directors of oil trading group over Russian ties

Published by Global Banking & Finance Review

Posted on May 9, 2025

1 min read

· Last updated: January 23, 2026

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UK Sanctions Oil Trading Directors for Russian Connections

LONDON (Reuters) -Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as 2Rivers Group.

(Reporting by William James; editing by Sarah Young)

Key Takeaways

  • UK announced sanctions targeting Russian ties.
  • Asset freezes imposed on Coral Energy Group directors.
  • Coral Energy Group is now known as 2Rivers Group.
  • Sanctions are part of a broader package against Russia.
  • The move is a response to ongoing geopolitical tensions.

Frequently Asked Questions

What is the main topic?
The UK has imposed sanctions on directors of an oil trading company due to their ties with Russia.
Who are the sanctions targeting?
The sanctions target directors of Coral Energy Group, now known as 2Rivers Group.
Why are these sanctions being imposed?
The sanctions are part of a broader package against Russia due to geopolitical tensions.

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