UK sanctions oil traders over Russian energy ties

Reuters

Britain has imposed fresh sanctions on Russia, including asset freezes targeting directors of the oil trading firm Coral Energy Group, now known as 2Rivers Group.

The move comes as part of a broader effort to disrupt Russia's energy revenue and includes restrictions on around 100 tankers from its so-called shadow fleet.

Among those sanctioned are Ahmed Kerimov, Tahir Garayev, Anar Madatli, Talat Safarov, and Etibar Eyyub, named for benefiting from or supporting the Russian government through their roles at Coral Energy.

Founded by Garayev in 2010 with offices in Dubai and Singapore, Coral Energy was involved in the Russian energy sector. The company rebranded as 2Rivers Group after a 2024 management buyout. Britain had already sanctioned 2Rivers in December 2024, a move the company previously criticized.

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