UK Exempts Kazakh Oil Transit Via Russia's Transneft From Sanctions Until 2028

robot
Abstract generation in progress

(MENAFN- Trend News Agency) ** ASTANA, Kazakhstan, March 20.** The UK has excluded the transit of Kazakh oil via Russia’s Transneft from its sanctions regime until March 18, 2028, Trend reports via the UK government.

This exemption is stipulated in a general license issued by the UK’s Office of Financial Sanctions Implementation (OFSI), which becomes effective on March 19, 2026, and remains valid until March 18, 2028.

The license authorizes activities including payments and transactions related to the supply, purchase, transportation, or delivery of Kazakh oil, provided that the oil is not owned by any individual or entity linked to Russia, and that it is loaded in, departing from, or transiting through Russian territory.

This decision facilitates the continued transit of Kazakh crude through Russian infrastructure operated by Transneft, without violating UK sanctions.

On February 24, 2026, the UK imposed a comprehensive sanctions package against Russia, which included adding Transneft to its sanctions list.

MENAFN20032026000187011040ID1110886543

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin