As President Putin intensifies strikes against civilians in Ukraine, the UK is stepping up pressure with a new package of 100 sanctions, stated the UK Foreign, Commonwealth & Development Office.
Today, UK has announced wide-ranging sanctions on Russia as Putin launches his biggest ever drone attack against Ukraine. On Saturday, Russia fired 273 drones at Ukrainian cities, the biggest drone onslaught of the war. A strike on a bus in Sumy killed 9 civilians.
"Putin’s latest strikes once again show his true colours as a warmonger. We urge him to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace. We have been clear that delaying peace efforts will only redouble our resolve to help Ukraine to defend itself and use our sanctions to restrict Putin’s war machine," - stated Foreign Secretary, David Lammy.
The UK’s latest sanctions action comes as the EU prepares to announce its 17th package of sanctions against Russia, in a co-ordinated effort to secure a just and lasting peace in Ukraine.
They include entities supporting Russia’s military machine, energy exports and information war, as well as financial institutions helping to fund Putin’s invasion of Ukraine.
Today’s measures sanction the supply chains of deadly Russian weapons systems, including Iskander missiles.
"This will protect Ukrainian lives, and our collective security by disrupting Russia’s military machine. Putin has repeatedly fired Iskander missiles into crowded civilian areas with a callous disregard for life. He used these weapons during the strike against Sumy on 13 April that killed 34 civilians including children, some of them heading for Palm Sunday services," - reads the statement.
Today’s sanctions also target 14 more members of the Social Design Agency (SDA), which carries out Kremlin-funded information operations that are designed to undermine sovereignty, democracy, and the rule of law in Ukraine and across the world.
The UK previously sanctioned the SDA and several of its leaders in 2024. Now it targets all levels of the organisation.
The sanctions also target 46 financial institutions that help Russian attempts to evade sanctions, as well as the St Petersburg Currency Exchange, and the Russian Deposit Insurance Agency which insures Russian banks. These new sanctions will further isolate the Russian economy and disrupt Russia’s revenue streams.
Finally, the UK will also sanction 18 more ships in the ‘shadow fleet’ carrying Russians oil, along with the fleet’s enablers. The Prime Minister announced 110 shadow fleet related sanctions ahead of his visit to Kyiv earlier this month.
Additionally, the UK is working with partners to tighten the Oil Price Cap that limits the price that Russia can charge for its oil if transported using G7 services like insurance and shipping. We are reviewing the $60 crude price level, with a view to lowering the cap closer to the cost of production and hitting Putin where it hurts by striking at his oil revenues.
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The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
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