Headlines
UK sanctions directors of oil trading group over Russian ties
Published by Global Banking & Finance Review®
Posted on May 9, 2025
1 min readLast updated: January 23, 2026
Quick Summary
The UK has sanctioned directors of Coral Energy Group, now 2Rivers Group, due to Russian ties, as part of broader measures against Russia.
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 about UK sanctions directors of oil trading group over Russian ties
1What is the main topic?
The UK has imposed sanctions on directors of an oil trading company due to their ties with Russia.
2Who are the sanctions targeting?
The sanctions target directors of Coral Energy Group, now known as 2Rivers Group.
3Why are these sanctions being imposed?
The sanctions are part of a broader package against Russia due to geopolitical tensions.
