UK targets ships and banks with new Russia sanctions
Britain Announces Latest Round of Sanctions on Russia
LONDON, Aug 6 (Reuters) - Britain announced new sanctions targeting Russian ships, banks and industrial companies on Thursday, in its latest effort to disrupt the oil revenue flowing to Moscow which could be used to fund Russia's war against Ukraine.
Details of the New Sanctions
New Designations and Specifications
• The government said it was adding 13 new designations and six specifications under Russia sanctions laws.
Targets of the Sanctions
Banks and Shipping
• Sanctions cover six Russian banks, six newly acquired shadow fleet tankers as well as four Russian companies importing tantalum and niobium, rare metals used in battlefield weapons.
Scope of the Sanctions Regime
• The UK government has now sanctioned over 3,400 individuals, entities and ships under the Russia sanctions regime since Russia invaded Ukraine in 2022.
Reactions to the Sanctions
UK Government Response
• "We will continue stepping up the pressure on Russia until a just and lasting peace has been reached," British foreign minister Ed Miliband said.
Russian Response
• The Russian Embassy in London said the sanctions had failed to deliver a strategic defeat for Moscow, with each new round confirming the futility of the campaign.
(Reporting by Muvija M, writing by Sarah Young; editing by William James and Elaine Hardcastle)
