UK imposing ‘nearly 300 new sanctions on Russia’ over attacks on Ukraine
Who's accountable for the results?
The United Kingdom announced what it describes as a “landmark sanctions package” against Russia for its invasion and continued attacks on Ukraine. The “nearly 300 new sanctions on Russia,” targeting its energy revenues, are being hailed as the U.K.’s most aggressive economic action against Russia since the start of the war.
“The U.K. has announced a landmark sanctions package, cutting off critical oil revenues and further degrading the Kremlin’s ability to wage its illegal war,” read a press release issued by the U.K. government. The announcement of the package comes on the exact date that Russia invaded Ukraine four years ago.
It also comes the same day as U.K. Foreign Secretary Yvette Cooper was in Kyiv, Ukraine, announcing millions of British pounds in new funding for Ukraine, including funds for emergency energy support and “humanitarian assistance to front line communities.”
“Today I’m in Kyiv announcing £30 million in funding to strengthen Ukrainian energy resilience and support recovery, taking the total U.K. support to £21.8 billion since the start of the war,” Cooper said.
Regarding sanctions, it is the U.K.’s largest since the beginning of the war, according to the press release. The sanctions specifically target “PJSC Transneft, responsible for transporting over 80% of Russian oil exports,” which will put further economic pressure on Russia to find purchasers for its oil, which is vital to the country’s economy, as Russia is frequently referred to as a petrostate. Current Russian oil revenues are at “their lowest since 2020.”
Additionally, the U.K. targeted “Russia’s dark web of illicit oil traders,” including the critical “2Rivers oil network,” which the U.K. claimed is “one of the largest shadow fleet operators globally and a major trader of Russian crude oil.” It sanctioned 175 companies allegedly linked to the network, further hampering the Russian economy and future war efforts.
The U.K.’s new sanctions also pressure the “49 entities and individuals involved in sustaining Russia’s war machine.” This includes companies throughout the world that have contributed products to Russia’s war efforts and technological weapons, such as “Russian drones and other weapons terrorizing innocent Ukrainian civilians.” It also affects nine Russian banks, six targets of Russia’s liquefied natural gas industry – including two Russian exporter terminals, 3 nuclear energy companies, and 2 people entrusted with securing “nuclear installations …
Who's accountable for the results?
The United Kingdom announced what it describes as a “landmark sanctions package” against Russia for its invasion and continued attacks on Ukraine. The “nearly 300 new sanctions on Russia,” targeting its energy revenues, are being hailed as the U.K.’s most aggressive economic action against Russia since the start of the war.
“The U.K. has announced a landmark sanctions package, cutting off critical oil revenues and further degrading the Kremlin’s ability to wage its illegal war,” read a press release issued by the U.K. government. The announcement of the package comes on the exact date that Russia invaded Ukraine four years ago.
It also comes the same day as U.K. Foreign Secretary Yvette Cooper was in Kyiv, Ukraine, announcing millions of British pounds in new funding for Ukraine, including funds for emergency energy support and “humanitarian assistance to front line communities.”
“Today I’m in Kyiv announcing £30 million in funding to strengthen Ukrainian energy resilience and support recovery, taking the total U.K. support to £21.8 billion since the start of the war,” Cooper said.
Regarding sanctions, it is the U.K.’s largest since the beginning of the war, according to the press release. The sanctions specifically target “PJSC Transneft, responsible for transporting over 80% of Russian oil exports,” which will put further economic pressure on Russia to find purchasers for its oil, which is vital to the country’s economy, as Russia is frequently referred to as a petrostate. Current Russian oil revenues are at “their lowest since 2020.”
Additionally, the U.K. targeted “Russia’s dark web of illicit oil traders,” including the critical “2Rivers oil network,” which the U.K. claimed is “one of the largest shadow fleet operators globally and a major trader of Russian crude oil.” It sanctioned 175 companies allegedly linked to the network, further hampering the Russian economy and future war efforts.
The U.K.’s new sanctions also pressure the “49 entities and individuals involved in sustaining Russia’s war machine.” This includes companies throughout the world that have contributed products to Russia’s war efforts and technological weapons, such as “Russian drones and other weapons terrorizing innocent Ukrainian civilians.” It also affects nine Russian banks, six targets of Russia’s liquefied natural gas industry – including two Russian exporter terminals, 3 nuclear energy companies, and 2 people entrusted with securing “nuclear installations …
UK imposing ‘nearly 300 new sanctions on Russia’ over attacks on Ukraine
Who's accountable for the results?
The United Kingdom announced what it describes as a “landmark sanctions package” against Russia for its invasion and continued attacks on Ukraine. The “nearly 300 new sanctions on Russia,” targeting its energy revenues, are being hailed as the U.K.’s most aggressive economic action against Russia since the start of the war.
“The U.K. has announced a landmark sanctions package, cutting off critical oil revenues and further degrading the Kremlin’s ability to wage its illegal war,” read a press release issued by the U.K. government. The announcement of the package comes on the exact date that Russia invaded Ukraine four years ago.
It also comes the same day as U.K. Foreign Secretary Yvette Cooper was in Kyiv, Ukraine, announcing millions of British pounds in new funding for Ukraine, including funds for emergency energy support and “humanitarian assistance to front line communities.”
“Today I’m in Kyiv announcing £30 million in funding to strengthen Ukrainian energy resilience and support recovery, taking the total U.K. support to £21.8 billion since the start of the war,” Cooper said.
Regarding sanctions, it is the U.K.’s largest since the beginning of the war, according to the press release. The sanctions specifically target “PJSC Transneft, responsible for transporting over 80% of Russian oil exports,” which will put further economic pressure on Russia to find purchasers for its oil, which is vital to the country’s economy, as Russia is frequently referred to as a petrostate. Current Russian oil revenues are at “their lowest since 2020.”
Additionally, the U.K. targeted “Russia’s dark web of illicit oil traders,” including the critical “2Rivers oil network,” which the U.K. claimed is “one of the largest shadow fleet operators globally and a major trader of Russian crude oil.” It sanctioned 175 companies allegedly linked to the network, further hampering the Russian economy and future war efforts.
The U.K.’s new sanctions also pressure the “49 entities and individuals involved in sustaining Russia’s war machine.” This includes companies throughout the world that have contributed products to Russia’s war efforts and technological weapons, such as “Russian drones and other weapons terrorizing innocent Ukrainian civilians.” It also affects nine Russian banks, six targets of Russia’s liquefied natural gas industry – including two Russian exporter terminals, 3 nuclear energy companies, and 2 people entrusted with securing “nuclear installations …
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