UK imposes 70 new sanctions on Russia

The United Kingdom is intensifying pressure on Russia with 70 new sanctions targeting its energy transport, military supply chains, and illicit finance networks. Prime Minister Keir Starmer announced the measures Tuesday during a special G7 summit session focused on the war in Ukraine.

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Working with our G7 allies, we will continue to increase the pressure on Putin and his circle of collaborators until Russia’s war machine is brought to a halt and peace returns to our continent.

Starmer stated that the sanctions, imposed in coordination with G7 allies, aim to "increase the pressure on Putin and his circle of collaborators until Russia’s war machine is brought to a halt and peace returns to our continent." The announcement comes as Ukrainian President Volodymyr Zelensky attends the summit in France, seeking further support from world leaders.

The new sanctions specifically target Russia's "shadow fleet" of over 20 oil tankers operating under different flags to circumvent existing restrictions. The UK is the first G7 nation to sanction certain Liquefied Natural Gas (LNG) vessels recently acquired by Russia for an Arctic LNG project. These actions are designed to "choke Russia’s war effort across multiple fronts."

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UK announces 70 new sanctions targeting Russia’s decrepit shadow fleet, military procurement supply chains and illicit finance networks used to circumvent sanctions.

In addition to the sanctions, the UK has agreed to supply enriched uranium to fuel Ukrainian nuclear power stations for the next two years. This deal, worth approximately $282 million in export finance, will be facilitated by the UK-based company Urenco, providing crucial energy support to Ukraine amidst the ongoing conflict.

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the G7 should collectively go further to ensure Ukraine secures the just and lasting peace it deserves.