Bank of Scotland Fined £160,000 for Failing to Flag Blacklisted Putin Ally
The UK’s Office of Financial Sanctions Implementation (OFSI) has levied a £160,000 monetary penalty on Lloyds Banking Group for violations of Russia sanctions made by its subsidiary Bank of Scotland Plc.
How a U.K. Loophole Hands the Kremlin Tens of Millions of Pounds Each Month
A senior Labour lawmaker is urging the British government to close a sanctions loophole that allows jet fuel and other refined oil products derived from Russian crude oil to enter the U.K., Politico reported.
How Russia’s ‘Shadow Fleet’ Keeps the Oil Flowing
A Russian “shadow fleet” tanker sanctioned by the UK, EU and U.S. continued transporting oil in late 2025, underscoring what an investigation by Follow the Money describes as the limited impact Western measures have had on the cash flow Moscow earns from crude exports.
US, UK and Australia Blacklist Russian ‘Bulletproof’ Hosting Firms Tied to Ransomware Attacks
The United States, Britain and Australia have imposed coordinated sanctions on Russian technology companies and individuals accused of providing key online infrastructure for ransomware and other cyberattacks, Reuters reported.
UK Hits Rosneft, Lukoil and 51 Oil Tankers with Sanctions
Britain imposed new sanctions Wednesday on Russia’s two largest oil producers, Rosneft and Lukoil, and 51 ships, including 44 “shadow fleet” tankers and seven LNG vessels, Reuters reported.
Sanctions Gap Allows Russia-Sourced Nickel to Flow West: Global Witness
A gap between European and U.K. sanctions is allowing nickel from Russia to flow into the United States months after Washington banned Russian-origin metal, according to a new investigation.