BUSINESS

U.K. Sanctions Chinese Firms Over Russian Oil Trade

Published: Oct. 17, 2025 3:10 a.m. GMT+8

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The U.K. also targeted 44 tankers involved in transporting Russian oil and seven vessels shipping Russian LNG

The United Kingdom has slapped sanctions on several Chinese companies as part of its toughest economic measures yet against Russia, targeting Moscow’s vital oil industry — a move that drew a firm rebuke from Beijing.

The sweeping measures, affecting 90 entities, are aimed at crippling Russia’s war-funding capabilities by taking aim at the country’s largest oil companies, Lukoil and Rosneft. The sanctions also extend to Russia’s so-called shadow fleet of oil tankers and entities in third countries accused of supporting Moscow.

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The UK imposed sanctions on 90 entities, including five major Chinese firms, targeting Russia's oil sector and related third-country supporters.
Sanctions aim to curb Russia's war funding; Rosneft and Lukoil together export 3.1 million barrels per day, with Russian oil generating nearly $189 billion in 2024.
China and India remain key buyers, taking up to 46% and 36% of Russian crude exports respectively; Beijing condemned the UK move as baseless.

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Who’s Who

Shandong Yulong Petrochemical Co.: Shandong Yulong Petrochemical Co. is a Chinese firm that has been sanctioned by the United Kingdom. These sanctions are part of the UK's efforts to target Moscow's oil industry and cripple Russia's war-funding capabilities. The company was among 10 sanctioned for supporting Russia's energy sector.

Shandong Jingang Port Co. Ltd.: Shandong Jingang Port Co. Ltd. is one of five Chinese companies that the United Kingdom recently sanctioned. The company is a port operator, and it was penalized for allegedly supporting Russia's energy sector. These sanctions are part of the UK's efforts to cripple Russia's war-funding capabilities.

Shandong Haixin Port Co. Ltd.: Shandong Haixin Port Co. Ltd. is one of five Chinese companies that the UK recently sanctioned. It is a port operator accused of supporting Russia's energy sector. This is part of the UK's broader sanctions against entities in third countries for supporting Moscow.

Shandong Baogang International Port Co. Ltd.: Shandong Baogang International Port Co. Ltd. is a Chinese port operator that has been sanctioned by the United Kingdom. This sanction is part of the UK's measures against Russia, targeting Moscow's oil industry. The company is among 10 firms, including five Chinese companies, sanctioned for allegedly supporting Russia's energy sector.

National Pipeline Group Beihai LNG Co. Ltd.: National Pipeline Group Beihai LNG Co. Ltd. is a Chinese company that manages a liquefied natural gas (LNG) terminal. It was sanctioned by the United Kingdom for supporting Russia's energy sector. The company was targeted because its terminal has been importing from the Arctic LNG 2 project, which the U.K. previously sanctioned.

Horsway Tech (HK) Co. Ltd.: Horsway Tech (HK) Co. Ltd. is a Chinese electronics company that the United Kingdom has sanctioned. The sanctions were imposed because the company is accused of providing critical equipment to Russia's defense sector. This is part of the UK's broader measures to cripple Russia's war-funding capabilities.

Sure Technology (HK) Co. Ltd.: Sure Technology (HK) Co. Ltd. is a Chinese electronics company that has been sanctioned by the U.K. It is accused of providing critical equipment to Russia's defense sector, along with other Chinese firms like Horsway Tech (HK) Co. Ltd. and Msuntech Electronics (Group) Co. Ltd.

Msuntech Electronics (Group) Co. Ltd.: Msuntech Electronics (Group) Co. Ltd. (和芯星通电子(集团)有限公司) is a Chinese electronics company. It was sanctioned by the U.K. for allegedly providing critical equipment to Russia's defense sector, as part of broader measures against entities supporting Moscow's war efforts.

Shenzhen JLFY Technology Co. Ltd.: Shenzhen JLFY Technology Co. Ltd. is a Chinese electronics company that has been sanctioned by the United Kingdom. The UK government imposed sanctions on the company for allegedly supplying critical equipment to Russia's defense sector, as part of a broader package of measures targeting entities accused of supporting Moscow's war efforts.

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