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British Government introduces new sanctions against Russia

The British government has announced new sanctions against Russia
The UK has announced 70 new sanctions targeting, in particular, Russia’s ‘shadow fleet’, supply chains for military procurement and illicit financing networks used to circumvent sanctions.

More than 20 oil tankers belonging to Russia’s ‘shadow fleet’ have been targeted by the new sanctions, in line with the new and expanded powers introduced last month.

More than 20 oil tankers belonging to Russia’s ‘shadow fleet’ have been targeted by new sanctions, in line with the new and expanded powers introduced last month.

The UK has also stepped up pressure on those suspected of facilitating the illegal trade in oil that benefits Vladimir Putin’s regime, by imposing further sanctions on ship insurers and other companies linked to maritime transport.

The United Kingdom has become the first G7 country to impose sanctions on several liquefied natural gas (LNG) carriers recently acquired by Russia at considerable cost to serve the sanctioned Arctic LNG 2 project, which is responsible for the export of millions of tonnes of LNG.