Finance

UK announces sweeping package of sanctions against Russia

Published by Global Banking & Finance Review

Posted on February 24, 2025

1 min read

· Last updated: February 27, 2026

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UK government announces new sanctions against Russia for military support - Global Banking & Finance Review
The image depicts the UK Foreign Office's announcement of significant sanctions against Russia, targeting military suppliers and key individuals. This action marks a critical step in global finance and geopolitical relations amid ongoing conflicts.
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LONDON (Reuters) - Britain on Monday announced 67 new sanctions designations and named 40 new ships under its Russia sanctions regime, according to a notice posted on the government website. Earlier,

UK Unveils Major Sanctions Package Against Russia on Invasion Anniversary

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)

Key Takeaways

  • UK announces its largest sanctions package against Russia.
  • Sanctions target military supply lines and enablers.
  • Key figures include Roman Trotsenko and Keremet Bank.
  • Sanctions also target North Korea's defense minister.
  • 40 vessels aiding Russia's oil transport are sanctioned.

Frequently Asked Questions

What did the UK announce regarding sanctions on Russia?
Britain announced its largest package of sanctions against Russia since the early days of the war in Ukraine, targeting various companies and individuals.
Who was specifically targeted in the sanctions?
The sanctions included billionaire businessman Roman Trotsenko and North Korea's defence minister No Kwang Chol.
What types of goods are included in the sanctions?
The sanctions target producers and suppliers of machine tools, electronics, and dual-use goods, including microprocessors used in weapons systems.
How many vessels were sanctioned by the UK?
The UK sanctioned an additional 40 vessels that were reportedly helping Russia evade sanctions by transporting its oil.
What was the purpose of these sanctions according to British officials?
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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