February 23, 2024
2 mins read

UK govt announces new Russia sanctions

The government also said it was preparing to strengthen its powers to target “malign Russian shipping activity and individual ‘shadow fleet’ vessels used by Russia to soften the blow of oil-related sanctions.”…reports Asian Lite News

Britain announced a new package of sanctions against Russia on Thursday, saying it was seeking to diminish President Vladimir Putin’s weapons arsenal and war chest two years after the invasion of Ukraine.

The package, covering more than 50 individuals and entities, was announced two days before Saturday’s second anniversary of the full-scale invasion and is part of a coordinated Western effort to restrict the Russian economy.

“Our international economic pressure means Russia cannot afford this illegal invasion. Our sanctions are starving Putin of the resources he desperately needs to fund his struggling war,” Foreign Secretary David Cameron said in a statement.

The European Union on Wednesday approved its own package of sweeping sanctions, banning nearly 200 entities and individuals accused of helping Moscow procure weapons or of involvement in kidnapping Ukrainian children.

Britain sanctioned companies linked to the Russian ammunition industry, including what it said was the largest, the Sverdlov State Owned Enterprise, and targeted sources of revenue in the metals, diamonds and energy industries.

That included a Turkish company Britain said was supplying electronics to Russia, three electronics companies in China and executives at Russian diamond producer Alrosa. It also added managers of copper producer UMMC to the list.

Alrosa did not immediately respond to a request for comment.

The foreign office also imposed sanctions on what it said were key Russian importers and manufacturers of machine tools used to manufacture defense systems and components ranging from missiles and engines to tanks and fighter jets.

The government also said it was preparing to strengthen its powers to target “malign Russian shipping activity and individual ‘shadow fleet’ vessels used by Russia to soften the blow of oil-related sanctions.”

Britain this week imposed sanctions on six individuals in charge of the Arctic penal colony where Russian opposition leader Alexei Navalny died.

There are more than 2,000 Russian individuals, companies and groups on Britain’s sanctions list.

ALSO READ-Armenia Pauses Involvement in Russia-Led CSTO

Previous Story

Bangladesh Aims for Local FMD Vaccine Production

Next Story

‘14 mn fled homes in Ukraine since Russian invasion’

Latest from -Top News

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

Pakistan’s Economy Held Hostage by Military

Despite the crisis-ridden economy merely managing to survive on IMF loans, the military seems to be facing no constraints on its spending spree on weapons such as tanks and planes….reports Asian Lite

Xi to Personally Welcome Modi, Putin   

Analysts suggest that Xi is intent on using the Tianjin summit to showcase an emerging multipolar world order, distinct from Western-led institutions Chinese President Xi Jinping will personally welcome Prime Minister Narendra

‘Ukraine Banks On India For Peace’

Zelensky says Kyiv was relying on “India’s contribution” to bring the conflict to a close, emphasising that New Delhi’s long-standing commitment to peace and dialogue gave it a unique role in global
Go toTop

Don't Miss

Russia to feature cutting-edge Checkmate fighter at Dubai Airshow

Russia’s state tech corporation Rostec will for the first time

UK may relax work visa rules for Indians under FTA

Braverman in a recent interview expressed reservations over a relaxation