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UK is taking targeted action against Indian, Chinese Firms over Russian oil trade, Reeves says

Published by Global Banking & Finance Review

Posted on October 15, 2025

1 min read

· Last updated: January 21, 2026

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UK is taking targeted action against Indian, Chinese Firms over Russian oil trade, Reeves says
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LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday the government was taking targeted action against companies in India and China that continued to facilitate the flow of

UK is taking targeted action against Indian, Chinese Firms over Russian oil t...

LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday the government was taking targeted action against companies in India and China that continued to facilitate the flow of Russian oil into global markets.

Britain issued fresh sanctions earlier on Wednesday against Russia's so-called shadow fleet.

(Reporting by Muvija M, writing by Sam Tabahriti; editing by Michael Holden)

Key Takeaways

  • UK targets Indian and Chinese companies over Russian oil trade.
  • New sanctions focus on Russia's shadow fleet.
  • British finance minister Rachel Reeves announced the measures.
  • Sanctions aim to curb Russian oil flow into global markets.
  • The UK government is intensifying its stance on Russian trade.

Frequently Asked Questions

What are sanctions?
Sanctions are penalties imposed by countries or international organizations on individuals, groups, or nations to influence behavior, often in response to violations of international law or human rights.
What is foreign exchange?
Foreign exchange, or forex, refers to the global marketplace for trading national currencies against one another, which is essential for international trade and investment.
What are financial markets?
Financial markets are platforms where buyers and sellers engage in trading financial assets such as stocks, bonds, currencies, and derivatives, facilitating capital flow and investment.
What is a shadow fleet?
A shadow fleet refers to a group of vessels that operate outside of regulatory oversight, often used to transport goods like oil in violation of sanctions or trade restrictions.

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