UK Imposes New Sanctions Against Russia

by Roman Cheplyk
Wednesday, February 8, 2023
UK Imposes New Sanctions Against Russia

On February 8, James Cleverly announced sanctions against the Kremlin elite and the military sphere of the aggressor country

During the visit of Volodymyr Zelenskyy to London, British foreign secretary James Cleverly announced the expansion of the list of sanctioned legal entities and individuals from Russia. The sanctions are aimed at deterring Russian aggression through pressure on the Russian defence and IT sectors, participants in financial fraud and the Kremlin "elite". In total, this time the list included 8 individuals and 1 legal entity that help the military-political elite to profit from illegal financial fraud and 6 companies producing military equipment.

"Ukraine has shown Putin that it will not break under his tyrannical invasion. He has responded by indiscriminately striking civilian areas and critical national infrastructure across the country," James Cleverly.

"We cannot let him succeed. We must increase our support."

"These new sanctions accelerate the economic pressure on Putin – undermining his war machine to help Ukraine prevail. I am determined, consistent with our laws, that Russia will have no access to the assets we have frozen until it ends, once and for all, its threats to Ukraine’s territorial sovereignty and integrity."

From the beginning of Russia's full-scale military attack on Ukraine, the UK has imposed sanctions on more than 1.300 individuals and entities since then, as well as unprecedented trade measures, asset freezes, travel bans, transport sanctions, etc. These measures undermine the military and economic potential of the aggressor country for many years. More than £20 bln damage to trade and reduced exports of vehicles and related equipment fell by 98%, "forcing them to desperately scrounge sub-par semiconductors from fridges and dishwashers to build military equipment."

"Through maximizing economic pressure on Russia, providing £2.3 billion in military aid and £1.5 billion in economic and humanitarian support, the UK will continue to stand shoulder to shoulder with Ukraine until they can secure peace," according to the UK government website.

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