Overview

• On June 17, the UK imposed sanctions on 20 more oil tankers and blacklisted ten individuals and entities linked to Russia’s shadow fleet and energy sector.
• The measures hit firms such as Orion Star Group LLC and Valegro LLC-FZ, the Russian defence ministry’s GUGI underwater intelligence unit, and two UK residents accused of funneling over $120 million in electronics to Russia.
• Prime Minister Keir Starmer said the sanctions will choke off Vladimir Putin’s war machine and pledged to keep tightening pressure alongside G7 partners.
• Britain announced plans to work with allies to lower the $60-per-barrel cap on Russian crude to further deplete Moscow’s energy revenues.
• London and Paris are steering efforts to assemble a “coalition of the willing” that could deploy peacekeepers to enforce a potential ceasefire in Ukraine.