In a written statement made by the British Foreign Office, it was stated that the new sanctions targeted financial resources supporting Russia’s war economy, pro-Kremlin oligarchs and the supply chains of the Russian military. More than 100 new sanctions against Russia are aimed at weakening the country’s military power and putting Ukraine in the strongest position for peace, the statement said.
The statement noted that the sanctions include companies in third countries that provide electronic and dual-use (military and civilian) materials to the Russian army, senior figures allegedly sending soldiers from North Korea to Russia, and 13 Russian organisations allegedly transferring European technology to Russia. In the statement, it was pointed out that the sanctions also targeted Russia’s most important financial source, energy revenues, and it was pointed out that the UK added the shadow fleet of 40 ships carrying Russian oil to the sanctions list, leaving a total of 133 Russian oil tankers facing sanctions.
It was stated that 14 oligarchs known to be close to the Kremlin were also included in the sanctions, including Roman Trotsenko, one of the richest business people in Russia with a fortune of approximately £ 2.2 billion. In addition, it was reported that foreign financial institutions supporting Russia’s war economy were included in the sanctions for the first time by using new powers, and in this context, Kyrgyzstan-based OJSC Keremet Bank was included in the sanctions list.
Underlining that the UK will continue to support Ukraine, the statement emphasised that the sanctions aim to weaken Russia’s war capacity and increase the security of Europe. British Foreign Minister David Lammy, whose assessments were included in the statement, said: ‘We emphasise our commitment to Ukraine with the largest sanctions package of the last 3 years. Every military supply line cut, every rouble blocked and every element that exposes (Russian President Vladimir) Putin’s aggression is a step towards a just and lasting peace, security and prosperity in the UK.’
Emphasising that lasting peace can only be achieved through strength, Lammy said: ‘That is why we are focused on putting Ukraine in the strongest possible position. As the world marks the terrible turning point where Putin’s full-scale invasion enters its fourth year, we cannot and will not turn our backs on Ukraine in their fight for our common security.’
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