Three years on from President Putin's full-scale invasion of
Ukraine, the UK has today imposed over 100 new sanctions directly
targeting those who continue to aid the invasion.
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107 new sanctions announced as UK unleashes our largest
sanctions package since the early days of the invasion.
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Milestone package targets Russian military supply chains,
revenues fuelling Putin's illegal war, and Kleptocrats
driving profits for the Kremlin.
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Strengthening Ukraine's hand will help to build a secure and
prosperous Europe and UK – a foundation of the government's
Plan for Change.
Today's measures will target funds going into Putin's war chest
and propping up Russia's kleptocratic system.
As the Prime Minister said last week, we are facing a once in a
generation moment for the collective security of our
continent. The UK is working with our Allies to put Ukraine
in the best position to achieve peace through strength. Today's
action is a further step towards this.
The sanctions will also target Russia's military machine,
entities in third countries who support it and the fragile supply
networks that it relies on.
Targets include:
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Producers and suppliers of machine tools, electronics and
dual-use goods for Russia's military, including
microprocessors used in weapons systems. These are based in a
range of third countries including Central Asian states,
Turkey, Thailand, India and China, which is the largest
supplier of critical goods for Russia's military.
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North Korean Defence Minister No Kwang Chol and other North
Korean generals and senior officials complicit in deploying
over 11,000 DPRK forces to Russia. Putin is using DPRK forces
as cannon fodder; DPRK has suffered over 4,000
casualties.
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13 Russian targets, including LLC Grant-Trade, its owner
Marat Mustafaev and his sister Dinara Mustafaeva, who have
used the company to funnel advanced European technology into
Russia to support its illegal war.
For the first time, we are also using new powers to target
foreign financial institutions supporting Russia's war
machine. We are sanctioning the Kyrgyzstan-based OJSC
Keremet Bank, disrupting Russia's use of the international
financial system to support its war efforts.
Foreign Secretary, said:
Today's action, the largest in almost three years, underscores
the UK'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.
Lasting peace will only be achieved through strength. That is why
we are focused on putting Ukraine in the strongest possible
position.
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.
Keeping the country safe is the Government's first priority and
an integral part of the Prime Minister's Plan for Change.
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 new sanctions will put further pressure on Putin's energy
revenues, the most vital source of funding for his illegal
invasion. They include specification of another 40 ‘shadow fleet'
ships carrying Russian oil. These vessels have collectively
carried more than $5 billion worth of Russian oil and oil
products in the last six months alone. The specifications bring
the total number of oil tankers sanctioned by the UK to 133 – the
highest of any nation in Europe.
Finally, we are sanctioning 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.
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