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The UK government has announced the largest package of sanctions against Russia since the start of its full-scale invasion of Ukraine three years ago. This is stated in a press release from the British government.
“Today’s sanctions, the largest in three years of war, underline the UK’s commitment to Ukraine. Every military supply chain disrupted, every ruble blocked and every enabler of Putin’s aggression exposed is a step towards a just peace. We cannot and will not turn our backs on Ukraine as it fights for our common security,” said David Lammy, the UK Foreign Secretary.
The sanctions list included 107 individuals and legal entities, including manufacturers and suppliers of electronics, dual-use goods and microprocessors for the Russian army. The sanctions affected companies in Central Asia, Turkey, Thailand, India and China, the largest supplier of critical technologies to Russia.
North Korean Defence Minister Noh Kwan-chol and other high-ranking DPRK officials involved in sending more than 11,000 troops to Russia were also subject to restrictions.
In addition, sanctions were imposed on 13 Russian individuals and legal entities, including Grant-Trade LLC and its owner Marat Mustafayev. They used the company to supply advanced European technologies to Russia.
For the first time, the UK has imposed sanctions on a foreign financial institution that supports Russia’s war. The sanctions targeted Keremet Bank from Kyrgyzstan, which facilitated the use of the international financial system for Russian military efforts.
The UK has also added 40 vessels of the Russian “shadow fleet ” to the sanctions list. Over the past six months alone, they have transported more than $5 billion worth of Russian oil and oil products. In total, 133 such tankers are already under sanctions – the largest number among European countries.
In addition, London has imposed restrictive measures against 14 new “kleptocrats” with links to key sectors of the Russian economy. Among them is Roman Trotsenko, one of the richest businessmen in Russia with a fortune of £2.2 billion.
