Argentina’s Milei threatens sanctions as he refocuses on Falklands

Argentine President Javier Milei has threatened sanctions against companies drilling for oil near the Falkland Islands.

In a televised address on Thursday, Milei said he would seek approval of urgent legislation to toughen penalties for companies operating near the islands without approval from Buenos Aires. Argentina claims sovereignty over the South Atlantic archipelago, which it calls Las Malvinas,

Milei’s hardened stance is viewed as a bid to revive support for his libertarian presidency, with the Falklands issue one of the few that cuts across political lines.

The sanctions would target the Sea Lion project, a deep-sea oil field about 140 miles (220 kilometres) north of the islands being developed by the UK’s Rockhopper Exploration and Israel’s Navitas Petroleum.

Milei said the sanctions would extend beyond the two firms to suppliers, shareholders and directors and that companies involved could be barred from operating in Argentina altogether.

Argentine war veterans and environmental lawyers have already filed a lawsuit seeking to halt the project, which Milei said violates a United Nations resolution urging Argentina and the UK to avoid unilateral action around the islands.

Britain’s Defence Secretary, Wes Streeting, said on Friday that Milei’s statement “tells us more about domestic politics in Argentina than it does about the Falkland Islands”.

“The Falklands are British because Falkland Islanders choose to be British,” he added. “Our commitment to the Falklands is absolute and unshakeable.”