UK Imposes Largest Sanctions Package On Russia, Targets Military Supply Chains, Finances

The Labour Party-led government of the United Kingdom has announced its largest sanctions package to date, imposing over 100 new measures against Russia as the conflict in Ukraine enters its third year.

"Three years on from President Putin's full-scale invasion of Ukraine, the UK has today imposed over 100 new sanctions directly targeting those who continue to aid the invasion. 107 new sanctions announced as the UK unleashes our largest sanctions package since the early days of the invasion," the UK government stated in a press release.

Photo Credit: AP/PTI

Describing it as a "milestone package," the government said the sanctions are aimed at Russia's military supply chains, the financial sources fuelling Putin's unlawful war, and the oligarchs profiting from the Kremlin.

"They also aim for strengthening Ukraine's hand will help to build a secure and prosperous Europe and the UK - a foundation of the government's Plan for Change," the statement continued.

"Today's measures will target funds going into Putin's war chest and propping up Russia's Kleptocratic system," it added.

Last week, the UK Prime Minister described the situation as a "once-in-a-generation moment for the collective security" of Europe, stating that the UK is working closely with its allies to ensure Ukraine is in the strongest possible position to secure peace through strength.

"The sanctions will also target Russia's military machine, entities in third countries who support it and the fragile supply networks that it relies on. The targets include: producers and suppliers of machine tools, electronics and dual-use goods for Russia's military, including microprocessors used in weapons systems. These are based in a range of third countries, including Central Asian states, Turkey, Thailand, India and China, which are the largest suppliers of critical goods for Russia's military," the statement outlined.

Among the 13 Russian entities targeted are LLC Grant-Trade, its owner Marat Mustafaev, and his sister Dinara Mustafaeva, who are accused of using the company to channel advanced European technology into Russia in support of its unlawful war.

"For the first time, we are also using new powers to target foreign financial institutions supporting Russia's war machine. We are sanctioning the Kyrgyzstan-based OJSC Keremet Bank, disrupting Russia's use of the international financial system to support its war efforts," the UK government declared.

It further stated, "Keeping the country safe is the Government's first priority and an integral part of the Prime Minister's Plan for Change. Sanctions against Russia's military machine and the revenues fuelling it will improve the chances of a just and lasting peace in Ukraine, which will benefit security and prosperity in the UK."