The Foreign Secretary, David Cameron, has announced more than 50 new sanctions targeting individuals and businesses sustaining Putin’s illegal war in Ukraine.
Sanctions crack down on those supplying his depleted armoury with munitions such as rocket launch systems, missiles and explosives.
These new sanctions also target key sources of Russian revenue, clamping down on metals, diamonds, and energy trade, and cutting off funding for Putin’s illegal war from every angle. The measures will disrupt Putin’s ability to equip his now struggling military with high tech equipment and much needed weaponry, as well as blocking him from refilling his war coffers – while Ukraine defends itself.
Among those sanctioned are:
- companies linked to manufacturing munitions such as rocket launch systems, missiles, explosives and other critical goods used in military equipment. This includes Sverdlov State Owned Enterprise, the largest enterprise in the Russian ammunition industry
- key Russian importers and manufacturers of machine tools, which are instrumental in manufacturing vital defence systems and components ranging from missiles and engines to tanks and fighter jets
- oil trader Niels Troost and his company Paramount Energy & Commodities SA. Troost facilitates the unfettered trade of Russian oil outside the reach of UK and G7 sanctions, including through UAE-based Paramount Energy & Commodities DMCC, which the UK designated in November 2023
- Fractal Marine DMCC, Beks Ship Management, and Active Shipping, which operate in the Russian energy sector as part of Putin’s shadow fleet
- 2 Russian diamond companies and Pavel Alekseevich Marinychev, the new CEO of Alrosa, the largest state-owned Russian diamond producer, estimated to hold a 30% share in the global diamond market
- 5 senior executives or owners of Russia’s top producers of copper, zinc and steel
View the Full UK Sanctions List
New UK Sanctions Strategy
The UK has also launched its first sanctions strategy. Sanctions are an important tool the UK, our allies and the wider international community can use to respond. The carefully-deployed sanctions are addressing malign activity and making a difference. This includes disrupting Russia’s war machine, confronting cyber gangs that target the UK and addressing human rights abuses and violations in Iran.
This strategy explains how the UK Government use sanctions as a foreign and security policy tool and the continued investment, partnerships and structures that support our sanctions.
View the UK Sanctions Strategy