Latest news with #TahirGarayev
Wall Street Journal
09-05-2025
- Business
- Wall Street Journal
Key Player in Russian Oil Trading Hit by U.K. Sanctions
The U.K. sanctioned a vital figure in Russia's oil trade, stepping up economic pressure on Moscow to strengthen Ukraine's hand in peace negotiations. The clandestine activities of Etibar Eyyub were earlier reported by The Wall Street Journal last year. Britain said its 'largest ever sanction package' will target dozens of tankers Russia uses to transport oil and five traders from Azerbaijan. They were Eyyub, his business partner Tahir Garayev and three associates.
Yahoo
09-05-2025
- Business
- Yahoo
UK sanctions directors of oil trading group over Russian ties
LONDON (Reuters) -Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as 2Rivers Group. The wider package of sanctions targeted around 100 oil tankers from Russia's so-called shadow fleet and was announced as leaders from northern Europe's Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday. The government notice announcing the sanctions listed Ahmed Kerimov, Tahir Garayev, Anar Madatli, Talat Safarov and Etibar Eyyub and said they had "been involved in obtaining a benefit from or supporting the government of Russia" by working as directors of Coral Energy Group. Coral Energy rebranded as 2Rivers Group after a management buyout in 2024 by Safarov, Kerimov and Madatli. Coral Energy was founded by Garayev in 2010 and had offices in Dubai and Singapore. Britain said Coral Energy had been "carrying on business in a sector of strategic significance to the government of Russia, namely the Russian energy sector." Britain sanctioned 2Rivers in December 2024. The group said at the time it was deeply disappointed by that decision.
Business Recorder
09-05-2025
- Business
- Business Recorder
UK sanctions directors of oil trading group over Russian ties
LONDON: Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as 2Rivers Group. The wider package of sanctions targeted around 100 oil tankers from Russia's so-called shadow fleet and was announced as leaders from northern Europe's Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday. The government notice announcing the sanctions listed Ahmed Kerimov, Tahir Garayev, Anar Madatli, Talat Safarov and Etibar Eyyub and said they had 'been involved in obtaining a benefit from or supporting the government of Russia' by working as directors of Coral Energy Group. Coral Energy rebranded as 2Rivers Group after a management buyout in 2024 by Safarov, Kerimov and Madatli. Sri Lanka says British sanctions on ex-military unhelpful Coral Energy was founded by Garayev in 2010 and had offices in Dubai and Singapore. Britain said Coral Energy had been 'carrying on business in a sector of strategic significance to the government of Russia, namely the Russian energy sector.' Britain sanctioned 2Rivers in December 2024 . The group said at the time it was deeply disappointed by that decision.
