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

Zelenskyy Slams Carlson-Putin Interview as ‘Nonsense

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

Lammy defends Chagos Islands deal

The government announced last week that it was going to

US Envoy lauds ties with UK

Ambassador Philip T.Reeker, the Chargé d’Affaires of the United States