The UK has imposed further sanctions against Russia, aimed at firms and persons linked to Russia’s ability to pay and wage the conflict.
The 86 designations target persons and organisations associated with Russia’s energy, metals, defence, transportation, and banking sectors. Putting more strain on Putin’s residual finances. And attempting to exploit these industries to support the military machine.
The designations come after Prime Minister Rishi Sunak imposed fresh import limits on Russian diamonds and metals earlier today at the G7 meeting in Japan.
This includes targeting Russia’s key energy and weaponry shipping businesses. As well as unscrupulous persons and groups involved in the theft and resale of Ukrainian grain.
Companies affiliated with Rosatom that manufacture innovative materials and technologies, such as lasers, have also been sanctioned.
In accordance with our rules, the Foreign Secretary has also declared Russia’s sovereign assets in our jurisdictions. That would be frozen until Russia agrees to compensate for the damage it has caused Ukraine.
These additional measures come as the Prime Minister meets with G7 peers in Japan. To discuss long-term support for Ukraine’s defence and collective action against Russia’s malign actions.
Through a combination of these designations and new import bans on Russian diamonds and metals. The UK is collaborating with international partners to further constrain the ability of Russia to wage its illegal war. Increasing economic pressure, and combating all emerging forms of circumvention until Ukraine triumphs.
Foreign Secretary James Cleverly said:
Putin and his supporters must – and will – pay the price for their illegal invasion of > Ukraine.
That’s why through today’s new sanctions we are increasing the economic pressure on Putin– making it harder for him to wage his illegal war and inflict untold suffering on innocent Ukrainians.
We will continue to increase this pressure and crack down on all emerging forms of circumvention until Ukraine prevails and peace is secured.
Our support for Ukraine is, and will remain, resolute for as long as it takes.
The United Kingdom is taking additional steps against Russia’s energy sector, building on previous import prohibitions on Russian coal, oil, and LNG, by designating 9 organisations linked to Russia’s state-owned nuclear energy business, Rosatom, which has been linked to Putin’s war effort.
