UK Expands Anti-Russian Sanctions and Allocates £50 Million to Ukraine

by Roman Cheplyk
Tuesday, December 17, 2024
2 MIN
UK Expands Anti-Russian Sanctions and Allocates £50 Million to Ukraine

The United Kingdom has expanded its list of sanctions against Russia, adding 20 oil tankers sailing under various foreign flags, as well as two companies based in Dubai

According to an update published on the UK government’s official website, the targeted vessels had been involved in transporting Russian oil or petroleum products to third countries.

The newly sanctioned ships fly the flags of Antigua and Barbuda, Vietnam, Gabon, Honduras, Djibouti, Panama, and Palau. Additionally, two companies—2Rivers DMCC and 2Rivers PTE—were added to the sanctions list for benefiting “from support provided by the Russian government, specifically within the Russian energy sector,” according to a statement by British authorities.

With these latest measures, the UK has now imposed sanctions on more than 100 vessels linked to Russia, including 93 oil tankers. The British government asserts it has targeted more ships than any other nation.

In tandem with tightening sanctions, UK Prime Minister Keir Starmer announced £20 million in funding to help rebuild Ukraine’s energy infrastructure. Another £30 million will be allocated for humanitarian aid, provided both directly and through international organizations.

Late last week, Starmer called on G7 allies to increase assistance to Ukraine and intensify pressure on Russia. This move follows the UK’s November sanctions against Russian insurance companies Alfastrakhovanie and the TSK Insurance House, as well as restrictions placed on 30 additional vessels with ties to Russia.

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