Published by Global Banking & Finance Review®
Posted on October 15, 2025
1 min readLast updated: January 21, 2026
UK sanctions Indian and Chinese firms for facilitating Russian oil trade, targeting shadow fleet operations to curb global market flow.
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)
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.
Foreign exchange, or forex, refers to the global marketplace for trading national currencies against one another, which is essential for international trade and investment.
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.
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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