UK Sanctions 11 Companies, Including 4 Oil Terminals in China! Plastic Prices Plummet Today, PP Drops Up to 250

On October 15, 2025, local time, the UK imposed its toughest sanctions on Russia to date, with 90 new sanctions directly targeting the Russian oil sector.

The UK claims that the target of this sanction is Russian companies and their global facilitators. Four Chinese oil terminals, 44 tankers in the "shadow fleet" transporting Russian oil, and Nayara Energy Limited, which imported 100 million barrels of Russian crude oil worth over $5 billion in 2024 alone.

Screenshot of the UK government website

Note: The Chinese names are as listed in the document; the reasons for sanctions described in the text are those alleged by the British side and do not represent our endorsement of these reasons or the facts.

The Chinese companies sanctioned this time are:

NATIONAL PIPELINE GROUP BEIHAI LIQUEFIED NATURAL GAS CO LTD - Beihai Liquefied Natural Gas Co., Ltd.

a.k.a: (1) GUANGXI BEHAI LNG TERMINAL (2) GUANGXI TIESHAN LNG TERMINAL

Sanction reason: Conducting business in sectors of strategic significance to the Russian government, namely the Russian energy sector, including transactions with UK-designated ships.

2. An Eastern Province BAOGANG INTERNATIONAL PORT CO. LTD - Oil Terminal

Sanction reason: Conducting business in sectors of strategic importance to the Russian government, namely the Russian energy sector, including transactions with UK-designated vessels.

3. An eastern province HAIXIN PORT CO. LTD - Oil Terminal

Sanction reason: Conducting business in sectors of strategic significance to the Russian government, namely the Russian energy sector, including trading with UK-designated vessels.

4. A certain eastern province JINGANG PORT CO., LTD - Oil Terminal

Sanction reason: Conducting business in sectors of strategic significance to the Russian government, namely the Russian energy sector, including trading with UK-designated vessels.

5. An eastern province YULONG PETROCHEMICAL COMPANY - Oil Terminal

Sanction Reason: Conducting business in sectors of strategic significance to the Russian government, namely the Russian energy sector, including transactions with UK-designated vessels.

6、SHENZHEN JLFY TECHNOLOGY CO., LTD

7. HORSWAY TECH (HK) CO., LIMITED Name/Horsway Micro Technology (Hong Kong) Co., Ltd.

8. IZZITION E-TECHNOLOGY CO LTD/Iqixin Electronic Technology Co., Ltd.

9. MSUNTECH ELECTRONICS (GROUP) CO., LIMITED/Minshan Electronics Technology (Group) Co., Ltd.

10. SURE TECHNOLOGY (HONGKONG) COMPANY LTD / Sure Technology (Hong Kong) Co., Ltd.

11. YW NL E-COMMERCE COMPANY - Hong Kong, China Company

Sanction list date: October 15, 2025

The sanctioned entities will be subject to asset freezes and trust service sanctions. The British side requires relevant institutions and individuals to take the following measures:

Check whether there are accounts maintained or any funds or economic resources held by individuals listed in the sanctions notice appendix and any entities owned or controlled by them.

Freeze such accounts and other funds or economic resources.

Avoid dealing with funds or economic resources, or providing these resources directly or indirectly for the benefit of designated persons, without obtaining permission from the UK Office of Financial Sanctions Implementation (OFSI) or without applicable exemptions.

Do not provide trust services to the individuals listed in the attachment to this notice, nor provide such services for the benefit of these individuals.

Report all findings and the information or related matters (if any) on which these findings are based to the Financial Action Task Force. If the information involved relates to funds or economic resources, also report their nature and quantity.

The latest response from the Chinese side: We have made stern representations to the British side and will resolutely retaliate.

According to the Chinese Embassy in the UK, on October 15, a spokesperson for the Chinese Embassy in the UK answered questions from journalists regarding the UK's sanctions on Chinese entities.

Reporter: On October 15, the British government announced sanctions on certain national entities and individuals for supporting Russian energy entities and providing key items to the Russian military industry, including 11 Chinese entities. What is your comment on this?

The embassy spokesperson stated that the UK's sanctions are unilateral actions without basis in international law, harming the legitimate rights and interests of Chinese enterprises. China resolutely opposes this and has made a stern representation to the UK.

I would like to reiterate that on the issue of the Ukraine crisis, China has always maintained an objective and impartial stance, consistently committed to promoting peace talks, and has always strictly regulated the export of dual-use items in accordance with laws and regulations. Normal exchanges and cooperation between Chinese and Russian enterprises should not be disrupted or affected. China absolutely does not accept any shifting of blame or responsibility, and firmly opposes any slander or defamation.

We urge the UK to immediately correct its mistake and revoke the sanctions on the relevant Chinese entities. Any actions that harm China's interests will be resolutely countered by China.

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