The UK Government has announced a broad set of new sanctions targeting Russia’s military machine, energy exports and information war, as well as financial institutions.
The sanctions hit 100 new targets, including suppliers of Russian weapons like Iskander missiles, entities involved in Kremlin-backed disinformation efforts, and financial institutions that assist Russia in evading existing sanctions. Additionally, 18 vessels believed to be part of Russia’s “shadow fleet” for crude oil exports were sanctioned, along with individuals linked to these operations.
The Prime Minister had announced 110 shadow fleet related sanctions ahead of his visit to Kyiv earlier this month.
UK Foreign Minister David Lammy called for an immediate and unconditional ceasefire, stressing that delaying peace will only strengthen Western resolve to support Ukraine and limit Russia’s war capabilities.
The UK is also working with partners to tighten the Oil Price Cap that limits the price that Russia can charge for its oil if transported using G7 services like insurance and shipping.
To remind, on 14 May, the European Union agreed to a 17th package of sanctions against Russia, blacklisting an additional 189 tankers.
