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2mo ago

UK Introduces Largest Sanctions Package Against Russia Since 2022

The measures target Russia's military supply chains, energy revenues, and international enablers on the third anniversary of its full-scale invasion of Ukraine.

U.K. Prime Minister Keir Starmer speaking at the Scottish Labour Party conference in Glasgow on February 23, 2025.
Plastic letters arranged to read "Sanctions" are placed in front the Union Jack and Russian flag colors in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Overview

  • The UK government has announced 107 new sanctions targeting Russia's shadow fleet, military supply chains, and foreign financial institutions supporting its war efforts.
  • This sanctions package includes restrictions on Russian oil tankers, adding 40 more ships to the UK's list, now totaling 133—the highest in Europe.
  • For the first time, the UK is sanctioning foreign financial institutions, including Kyrgyzstan-based OJSC Keremet Bank, for aiding Russia's war machine.
  • Entities in countries like India, China, Turkey, and others supplying dual-use goods and electronics for Russia's military are also included in the sanctions list.
  • The UK Foreign Secretary emphasized that these measures aim to weaken Russia's ability to fund its war and strengthen Ukraine's position toward achieving lasting peace.