UK imposes its largest sanctions package against Moscow: Details

The package targets Russia’s military machinery, organizations in third countries supporting it, and the supply networks it relies on. Sanctions have been introduced against 107 companies and individuals.

New sanctions will exert even greater pressure on Putin’s energy revenues, the most crucial source of funding for his illegal invasion. They include another 40 ships from the "shadow fleet" transporting Russian oil. These vessels alone have carried $5 billion worth of Russian oil and petroleum products in the last six months. The total number of oil tankers under UK sanctions has now reached 133.

In addition, London is imposing sanctions against 14 ‘new kleptocrats’, some of whom are fronting up strategic sectors of Russia’s economy. Among them are Roman Trotsenko, one of the wealthiest men in Russia, worth £2.2 billion.

"After three years of the full-scale invasion, Ukrainians continue to defend their country and way of life with ingenuity and courage. They have shown that with the right support they can defend themselves against Russian aggression. Today’s action will strengthen Ukraine’s hand at a critical time in their fight for our shared security," the statement says.

Also under sanctions are:

• Manufacturers and suppliers of machinery, electronics, and dual-use goods for the Russian military, including microprocessors used in weapons systems. These are based in a number of third countries, including Central Asia, Türkiye, Thailand, India, and China, which remains the largest supplier of critical goods for the Russian military.
• North Korea’s Defense Minister No Kwang Chol and other North Korean generals and high-ranking officials involved in sending over 11,000 North Korean troops to Russia. Putin is using North Korean forces as cannon fodder, and North Korea has suffered over 4,000 casualties.
• 13 Russian targets, including LLC Grant-Trade, its owner Marat Mustafaev, and his sister Dinara Mustafaeva, who used the company to transfer advanced European technology to Russia to support its illegal war.

For the first time, London has imposed sanctions against foreign financial institutions supporting Russia’s military machine. Sanctions have been imposed on Kyrgyzstan-based OJSC Keremet Bank, thus disrupting Russia's use of the international financial system to support its military efforts.

Foreign Ministry statement

As UK Foreign Secretary David Lammy noted, today’s action, the largest in the past three years, highlights the United Kingdom's commitment to Ukraine.

"Every military supply line disrupted, every rouble blocked, and every enabler of Putin’s aggression exposed is a step towards a just and lasting peace, and towards security and prosperity in the UK as a part of this government’s Plan for Change," Lammy said.

He added that a strong peace can only be achieved by force. "That is why we are focused on putting Ukraine in the strongest possible position," the UK Foreign Secretary added.

"As the world marks the grim milestone of Putin’s full-scale invasion entering its fourth year, we cannot and will not turn our backs on Ukraine in their fight for our shared security. Sanctions against Russia’s military machine and the revenues fuelling it will improve the chances of a just and lasting peace in Ukraine, which will benefit security and prosperity in the UK," the UK Foreign Secretary said.

On February 24, EU foreign ministers agreed on the 16th sanctions package against Russia, which includes a ban on importing primary aluminum, as well as measures targeting the shadow fleet. Furthermore, sanctions have been imposed against oligarch Yevhen Yevtushenkov and other owners of military factories.