UK expands Russia sanctions to target oil majors and illicit trading networks

Thursday's package also included Lakhani, who was sanctioned by the European Union earlier this week, and his companies, which the British Government said had become some of the largest traders of Russian oil since 2022.

Lakhani, 63, began his career at global trader Glencore and runs mid-sized trading firm Mercantile Maritime, which now faces UK sanctions. The company has offices in Singapore and London.