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UK to ban maritime services for Russian LNG exports
Published by Global Banking and Finance Review
Posted on November 11, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 11, 2025
1 min readLast updated: January 21, 2026
The UK plans to ban maritime services for Russian LNG exports, aligning with EU sanctions. This move aims to cut Kremlin revenue and support Ukraine.
LONDON (Reuters) -Britain plans to ban companies from providing services such as shipping and insurance for Russian liquefied natural gas exports, in its latest attempt to help Ukraine in its war against Russia by trying to choke off Kremlin revenue.
In October, the European Union approved new sanctions against Russia that ban Russian LNG imports from January 1, 2027, and Britain and the U.S. targeted Russia's two largest oil companies, Lukoil and Rosneft.
The UK government said on Tuesday it wanted to go further, by cutting off Russian access to companies that provide services for LNG exports.
"The ban will be phased in over 2026 in lockstep with our European partners," Britain's Foreign Office said in a statement ahead of a Group of Seven foreign ministers meeting in Canada on Tuesday and Wednesday.
Britain also announced 13 million pounds ($17.5 million) of funding to help repair Ukraine's energy sector and deliver support to Ukrainians worst-hit by the loss of heating and power.
($1 = 0.7451 pounds)
(Reporting by Sarah YoungEditing by Mark Potter)
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state for ease of storage and transport. It is primarily composed of methane and is used as a fuel source.
Sanctions are restrictive measures imposed by countries or international organizations to influence or penalize a state or entity. They can include trade restrictions, financial penalties, or bans on specific activities.
The UK Foreign Office is responsible for the country's foreign affairs, including diplomacy, international relations, and the implementation of foreign policy decisions.
The energy sector encompasses the production, distribution, and sale of energy, including fossil fuels, renewable energy sources, and electricity. It plays a critical role in the global economy.
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