To mark the fourth anniversary of Russia’s full-scale invasion of Ukraine, the UK has launched its most extensive sanctions package since 2022. The primary goal is to choke off Moscow’s critical revenue streams—particularly its oil exports—which are currently at their lowest point since 2020.
Alongside the economic crackdown, UK Foreign Secretary Yvette Cooper visited Kyiv to announce an additional £30 million in funding. This aid is split between repairing Ukraine’s damaged energy infrastructure (£25 million) and supporting war crime accountability efforts (£5 million).
The announcement includes nearly 300 new sanctions.
PJSC Transneft: One of the world’s largest oil pipeline companies, responsible for transporting over 80% of Russia’s oil exports.
175 companies in the ‘2Rivers’ oil network: Identified as a major trader of Russian crude and one of the largest operators of the “shadow fleet” used to bypass sanctions.
48 oil tankers: Vessels specifically used in the shadow fleet to transport illicit oil.
49 entities and individuals: International suppliers and figures involved in providing vital goods, technology, and components for Russian drones and weapons.
3 civil nuclear energy companies and 2 individuals: Targeted for attempting to secure overseas contracts for new Russian nuclear installations to generate alternative energy revenue.
6 Liquified Natural Gas (LNG) targets: This includes ships, traders, and specifically Russia’s Portovaya and Vysotsk export terminals.
9 Russian banks: Financial institutions targeted for processing the cross-border payments Russia relies on to access international markets and fund its war effort.
You can get more information in official statement.
