UK announces 300 new sanctions on Russia

The UK has announced a new sanctions package on Russia, four years since its full-scale invasion of Ukraine began. The sanctions package is the biggest since the early months of the invasion in 2022.

Nearly 300 new sanctions have been announced, including on energy revenues, oil exports and military equipment.

The sanctions target one of the world’s largest oil pipeline companies, PJSC Transneft, responsible for transporting over 80% of Russian oil exports.

It has been reported that international sanctions have so far deprived Putin of over $450 billion.

175 companies in the '2Rivers’ oil network, one of the largest shadow fleet operators globally and a major trader of Russian crude oil, have also been sanctioned.

3,000 Russian individuals, businesses and ship are now under UK sanctions.

Meanwhile, a new package of support has been announced for Ukraine. There is £20 million of new funding for emergency energy support to protect and repair the energy grid and provide additional generation capacity and £5.7 million to provide humanitarian assistance to frontline communities, those who need evacuation or have been impacted by airstrikes or internal displacement.

British military surgeons, nurses and physiotherapists are mentoring Ukrainian clinicians in Ukraine and Ukrainian pilots are now training at a UK air base to become helicopter flying instructors.

Foreign Secretary Yvette Cooper said: "Russia is now four years into what Putin believed would be a three-day invasion. As the Kremlin continues its barbaric assault against innocent civilians that have suffered their most brutal winter in a decade, the courage and determination of the Ukrainian people endures. 

"The UK has today taken decisive action to disrupt the critical financing, military equipment and revenue streams that sustain Russia’s aggression, in our largest raft of measures since the early months of the invasion. 

"Today I’m in Kyiv announcing £30 million in funding to strengthen Ukrainian energy resilience and support recovery, taking the total UK support to £21.8 billion since the start of the war. 

"We will continue to stand with the people of Ukraine and defend European security - Ukraine’s security is our security."

Prime Minister Keir Starmer said: "On this grim anniversary, our message to the Ukrainian people is simple: Britain is with you, stronger than ever. That is why we are announcing new support today and we will continue to support Ukraine for as long as it takes.

"For all the noise in world affairs today, this war remains the most critical issue of our age. It asks the question of whether Ukrainian and European freedom will endure. Our answer, together, is unequivocal. Russia is not winning this war. They will not win this war. Ukraine’s courage continues to hold the line for our shared values, in the face of Putin’s aggression.

"We will stand by their side, until a just and lasting peace – and beyond. Slava Ukraini."