Finance
UK announces sweeping package of sanctions against Russia
Published by Global Banking & Finance Review®
Posted on February 24, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 24, 2025
1 min readLast updated: January 25, 2026
The UK announces its largest sanctions against Russia, targeting military supply lines and key enablers, including Roman Trotsenko.
LONDON (Reuters) -Britain on Monday announced what it said was its largest package of sanctions against Russia since the early days of the war in Ukraine, including companies worldwide that supply components used by the Russian military.
The package, timed to mark the third anniversary of the Russian invasion, also targeted North Korea's defence minister No Kwang Chol over the deployment of North Korean forces in Russia, and Kyrgyzstan-based Keremet Bank.
Britain's Foreign Office said it was sanctioning producers and suppliers of machine tools, electronics and dual-use goods including microprocessors used in weapons systems. These were based in a range of third countries including Central Asian states, Turkey, Thailand, India and China.
Among a list of wealthy Russians included in the sanctions was billionaire businessman Roman Trotsenko.
The government also sanctioned a further 40 vessels Britain said were being used to help Russia evade sanctions by transporting its oil.
"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," British foreign minister David Lammy said.
(Reporting by Sachin Ravikumar, writing by William James)
Britain announced its largest package of sanctions against Russia since the early days of the war in Ukraine, targeting various companies and individuals.
The sanctions included billionaire businessman Roman Trotsenko and North Korea's defence minister No Kwang Chol.
The sanctions target producers and suppliers of machine tools, electronics, and dual-use goods, including microprocessors used in weapons systems.
The UK sanctioned an additional 40 vessels that were reportedly helping Russia evade sanctions by transporting its oil.
British foreign minister David Lammy stated that disrupting military supply lines and blocking financial resources is crucial for achieving a just and lasting peace.
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