The UK has announced 70 new sanctions aimed at choking off Russia’s war economy, coinciding with the G7 Summit in Évian-les-Bains.

The measures target three primary areas:

The “Shadow Fleet” and Energy Exports: The UK is targeting over 20 oil tankers and is the first G7 nation to sanction newly acquired Liquefied Natural Gas (LNG) vessels servicing Russia’s Arctic LNG 2 project. The goal is to restrict the Kremlin’s oil trade and revenue. To date, the UK has sanctioned over 600 shadow fleet and LNG vessels.

Military Procurement (GRU Networks): The sanctions expose a covert procurement network run by Russian military intelligence (GRU). The package specifically targets a front company called LLC Neptune Co Ltd, alongside three other companies and 10 GRU officers accused of acquiring critical Western military technology.

Global Evasion Networks: To stop sanctions circumvention, the UK is hitting third-party suppliers of military equipment located in China, Thailand, and Türkiye, as well as an entity in Nigeria involved in an illicit finance scheme.Total UK Financial Commitment to UkraineAlongside the sanctions, the press release outlines the UK’s financial backing for Ukraine, which totals up to £21.8 billion.