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

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

    Published by Global Banking and Finance Review

    Posted on October 15, 2025

    1 min read

    Last updated: January 21, 2026

    UK is taking targeted action against Indian, Chinese Firms over Russian oil trade, Reeves says - Headlines news and analysis from Global Banking & Finance Review
    Tags:foreign exchangefinancial marketsInternational trade

    Quick Summary

    UK sanctions Indian and Chinese firms for facilitating Russian oil trade, targeting shadow fleet operations to curb global market flow.

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

    1What 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.

    2What 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.

    3What 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.

    4What 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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