UK Announces Largest Sanctions Package Since Ukraine War Began, Targeting Russian Oil Revenue
Summary
The UK has announced its largest sanctions package since the Ukraine war began, targeting Russian oil revenue and key military suppliers to cut Moscow's funding.
Key Points
- The UK announced its largest sanctions package targeting Russian oil revenue since the Russia-Ukraine war began in 2022.
- Nearly 300 new sanctions focus on Russian energy revenue, especially oil exports, and key military equipment suppliers.
- More than 3,000 individuals, entities, and vessels have been sanctioned under the UK's regime to date.
- International sanctions have deprived Moscow of over $450 billion, equivalent to funding its military for two years.
