On the fourth anniversary of Russia’s full-scale invasion of Ukraine, the United Kingdom announced its largest sanctions package against Russia to date.
“Nearly 300 new sanctions announced as UK cracks down on critical Russian energy revenues, including oil exports, and key suppliers of military equipment fuelling war efforts,” the British government’s press service said.
The list published today includes 297 entries: 240 legal entities, seven individuals, and 50 vessels.
Sanctions have been imposed on PJSC Transneft, which operates one of the world’s largest oil pipeline systems and ensures the transportation of more than 80 percent of Russia’s oil exports. Transactions with Transneft are permitted until April 9. The lists also include 175 companies that are part of the 2Rivers oil network, one of the world’s largest operators of a shadow fleet and a major trader of Russian crude oil. The sanctions package also covers 48 oil tankers from this fleet.
In addition, the measures affect 49 legal entities and individuals linked to supplies to Russia’s military-industrial complex and armed forces, companies in the nuclear energy sector, vessels and infrastructure related to liquefied natural gas, as well as nine Russian banks, including Post Bank, Fora Bank, Ak Bars Bank, Tochka Bank, Absolut Bank, and Transcapitalbank, among others.
The sanctioned legal entities are located not only in Russia, but also in the United Arab Emirates, Poland, China, Brazil, India, Georgia (Imedi TV and Postv), Thailand, New Zealand, and the United Kingdom.
“The UK has today taken decisive action to disrupt the critical financing, military equipment and revenue streams that sustain Russia’s aggression, in our largest raft of measures since the early months of the invasion.
Today I’m in Kyiv announcing £30 million in funding to strengthen Ukrainian energy resilience and support recovery, taking the total UK support to £21.8 billion since the start of the war,” Foreign Secretary Yvette Cooper said.
