UK imposes sanctions on Russia
(MENAFN) In a coordinated move with other Group of Seven (G7) nations, the United Kingdom announced significant new sanctions against Russia on Thursday. These measures target various sectors crucial to Moscow's economic and military capabilities, aligning closely with recent actions undertaken by the United States.
The United Kingdom government's statement outlined sanctions aimed at disrupting Russia's energy sector, specifically targeting entities involved in circumventing price controls on Russian oil. A key focus includes tackling what has been described as a 'shadow fleet' of tankers used to evade restrictions.
Furthermore, the sanctions extend to pivotal institutions within Russia's financial infrastructure, such as the Moscow Stock Exchange, the National Clearing Center (NCC), and the National Settlement Depository (NSD). These entities are seen as integral to Russia's financial system and are now subject to restrictive measures aimed at increasing economic pressure.
In addition to these measures, the UK sanctions list encompasses suppliers of military goods and technologies to Russia, spanning from munitions and machine tools to microelectronics and logistics support. Notably, entities from China, Israel, Kyrgyzstan, and Türkiye are included, alongside vessels facilitating the transport of military equipment from North Korea to Russia.
British Prime Minister Rishi Sunak emphasized the strategic intent behind these sanctions, asserting that they are designed to curtail President Vladimir Putin's capacity to finance ongoing military operations. Sunak, currently attending the G7 Leaders’ Summit in Italy, reaffirmed the United Kingdom's unwavering support for Ukraine's sovereignty and its commitment to standing alongside the nation in its struggle for freedom.
These actions by the United Kingdom follow closely on the heels of expansive United States sanctions imposed a day earlier, which targeted 300 additional individuals and entities linked to what the United States termed as Moscow's "war economy." The coordinated approach by Western allies underscores a unified stance aimed at exerting maximum pressure on Russia amid ongoing geopolitical tensions.
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