The European Union, Britain, and the U.S. imposed a number of sanctions on Russia for its involvement in the war in Ukraine. The U.S. targeted Russia’s two largest oil producers in October: Rosneft, and Lukoil.

Here is a list of the most important Western sanctions that have been imposed since August 20, 2024.

The U.S.

The sanctions targeted over 400 entities or individuals who supported Russia's efforts to invade Ukraine. They aimed to disrupt Russian energy projects, and LNG shipments. The sanctions also targeted Russia's Arctic LNG 2 project worth $21 billion, which was already under Western sanctions.

Two companies and two vessels were sanctioned by the U.S. on September 6.

Arctic LNG 2

December 3 – The Biden administration announced a new round of sanctions against dozens of entities including shipping and tanker companies.

Washington increased sanctions against Iran on December 4, targeting 35 entities, vessels and ships it claimed were supplying illicit Iranian oil to foreign markets.

December 12 – The EU has agreed to a 15th set of sanctions against Russia that targets 45 tankers from its shadow fleet.

December 17, 2017 - The UK sanctioned twenty "shadow fleet" vessels it claimed carried illicit Russian oil.

December 18 – The U.S. imposed sanctions on several Russian entities involved in the Nord Stream 2 pipeline.

December 19, the U.S. lifted sanctions imposed by it on Russia's Gazprombank for payments of gas.

December 19: The U.S. has imposed sanctions against Iran and Houthi targets. Three vessels that are involved in the Iranian petrochemical and petroleum trade were targeted.

On January 10, the Biden administration announced its most comprehensive package of sanctions against Russia's oil revenues. The Biden administration singled out Russian companies Gazprom and Surgutneftegas, as well as 183 ships that had shipped Russian oil.

On January 27, the EU renewed extensive sanctions against Russia.

On February 6, the U.S. imposed new sanctions against individuals and tankers that were involved in shipping millions barrels of Iranian crude to China each year; U.S. president Donald Trump promised to end Iran's crude oil exports.

On February 24, the U.S. announced a new round of sanctions against Iran's oil sector, affecting over 30 brokers and tanker operators.

March 13: The U.S. has imposed sanctions against Iranian Oil Minister Mohsen Paknejad, and certain Hong Kong-flagged ships.

March 14, 2014 - The EU has agreed to renew sanctions against Russian individuals and entities.

March 20: The U.S. announced new sanctions against Iran, including a person, entities, and vessels.

On April 10, the U.S. imposed new sanctions on Iranian oil trade networks. This included a crude oil storage facility in China that was linked to an independent refinery via a pipeline.

April 16: The U.S. imposed sanctions on Iran's oil exports. This included a Chinese oil refinery known as a "teapot".

On April 22, the U.S. announced sanctions against Iranian LPG magnate Seyed Asadoollah Emamjomeh, and his corporate networks.

May 8: The U.S. has imposed sanctions against a third Chinese oil refinery, or "teapot", and the operators of port terminals in China because they purchased Iranian oil.

On May 9, Britain imposed sanctions on up to 100 Russian shadow fleet tankers.

The U.S. has imposed sanctions against more than 20 companies that it claims are involved in a network that is supplying Iranian oil to China.

May 14: The EU has agreed to a 17th set of sanctions against Russia. These include nearly 200 tankers in shadow fleets, 30 companies that trade dual-use products, and 75 individuals or entities.

The EU and Britain announce sanctions against Russia on May 20, focusing their attention on the shadow fleet of oil tanks and financial firms in Moscow.

On July 3, the U.S. imposed new sanctions against a Hezbollah controlled financial institution and a network of smugglers who hid Iranian oil as Iraqi.

On July 9, the U.S. imposed new sanctions against 22 companies located in Hong Kong and in the United Arab Emirates, as well as in Turkey, for their role in helping to sell Iranian oil.

The EU has approved a 18th package of sanctions against Russia for its war in Ukraine.

On July 31, the U.S. announced new sanctions against over 115 Iranian-linked individuals and entities, as well as vessels that target its shipping interests.

On August 21, Britain sanctioned Iranian oil tycoon Mohammad Hossein Shamkhani, as well as four other companies.

August 21st - The Trump Administration issued Iran-related Sanctions, targeting 13 entities located in Hong Kong and China, United Arab Emirates, Marshall Islands as well as 8 vessels, for their role as transporters of Iranian oil exports.

September 2: The U.S. sanctions a shipping network and vessel for smuggling Iranian crude oil under the guise of Iraqi oil.

On September 12, Britain announced a new set of sanctions against Russia, targeting oil ships, companies, and individuals who supply electronics, chemicals, explosives, and other materials used in the production of Russian weapons.

Japan has lowered the price of Russian crude oil in response to Moscow's war in Ukraine. This follows EU action taken in July.

September 16: The U.S. issued Iran related sanctions against individuals and entities who helped coordinate funds transfers, such as from the sale Iranian oil.

September 29: The EU confirms that it has reinstated sanctions against Iran following a similar decision by the United Nations. This includes a ban on Iran's purchases and transportation of crude oils.

On October 10, the U.S. imposed new sanctions against about 100 individuals, entities, and vessels. This included a Chinese independent terminal and refinery that supported Iran's oil trade and petrochemicals.

On October 15, Britain sanctioned Russia’s Lukoil, Rosneft and 44 shadow fleet tanks.

Trump has imposed sanctions against Russia in relation to the Ukraine, including Lukoil & Rosneft.

On October 23, the EU adopted its 19th package against Russia, which included a ban on Russian LNG and two Chinese refiners. (Reporting and editing by Thomas Derpinghaus; Reporting by Lucas Liew)

(source: Reuters)