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The Foreign Secretary announced a new package of sanctions, including export bans on every item Ukraine has found Russia using on the battlefield to date.
Foreign Secretary James Cleverly has today (24 February) announced a new package of internationally co-ordinated sanctions and trade measures, including export bans on every item Russia has been found using on the battlefield to date.
Included in the hundreds of goods are aircraft parts, radio equipment, and electronic components that can be used by the Russian military industrial complex, including in the production of UAVs.
Military intelligence has shown that a shortage of components in Russia as a result of sanctions is already likely affecting their ability to produce equipment for export, such as armoured vehicles, attack helicopters and air defence systems. As a result, it is highly likely that Russia’s role as a reliable arms exporter and their military-industrial complex are being undermined by international sanctions. Today’s measures will damage them further, undermining Putin’s military machine which is already having to mobilise soviet-era tanks and harvest freezers for low-grade chips.
Foreign Secretary James Cleverly said:
Ukrainians are turning the tide on Russia, but they cannot do it alone. That is why we must do more to help Ukraine win.
Today we are sanctioning the elites who run Putin’s key industries and committing to prohibit the export to Russia of every item Russia has been found using on the battlefield.
Also sanctioned today are senior executives at Russian state-owned nuclear power company Rosatom, plus executives from Russia’s 2 largest defence companies, 4 banks, and other Russian elites.
Rosatom has deep connections to the Russian military-industrial complex, including through Alexander Novak, who is both a member of the supervisory board and the Deputy Prime Minister in Putin’s administration.
The state-owned firm has reportedly been supplying arms manufacturers with the technology and materials needed to resupply Russia’s front line, including to defence firms that are under sanctions.
Four banks, including MTS, are also being sanctioned as part of today’s package. This will further isolate Russia from the international financial system and help the UK and partners to prevent circumvention.
Today’s designations also target the individuals and entities at the heart of Putin’s military-industrial complex, including:
The UK is also announcing new major trade measures, undermining Russia’s military machine and cutting at Putin’s finances. Alongside banning exports of products found used by Russia on the battlefield, the UK will also ban the import of 140 goods including iron and steel products processed in third countries.
Business and Trade Secretary Kemi Badenoch said:
Trade sanctions are working. UK goods imports from Russia have fallen by 99%, since before the invasion, and goods exports to Russia have fallen by nearly 80%.
Working together with our G7 international partners, the Department for Business and Trade is delivering sanctions to further erode Putin’s capabilities to wage war against Ukraine. We will back Ukraine for as long as it takes.
The UK has also announced that it will be extending existing measures against Crimea, and non-government controlled territory in Donetsk and Luhansk oblasts, to target Russian controlled areas of Kherson and Zaporizhzhia oblasts, restricting their access to UK trade and finance.
Today’s measures also increase pressure on the Russian elite. This includes sanctions on:
Today’s new measures come as the Foreign Secretary travels to the UN, where he will urge the international community to support Ukraine as long as it takes, 1 year on from the start of Russia’s illegal full scale invasion
View the full UK Sanctions List and more information about UK sanctions relating to Russia.
An asset freeze prevents any UK citizen, or any business in the UK, from dealing with any funds or economic resources which are owned, held or controlled by the designated person. UK financial sanctions apply to all persons within the territory and territorial sea of the UK and to all UK persons, wherever they are in the world. It also prevents funds or economic resources being provided to or for the benefit of the designated person.
A travel ban means that the designated person must be refused leave to enter or to remain in the United Kingdom, providing the individual is an excluded person under section 8B of the Immigration Act 1971.
Recently introduced powers make it a criminal offence for any Russian aircraft to fly or land in the UK and give the government powers to remove aircraft belonging to designated Russian individuals and entities from the UK aircraft register, even if the sanctioned individual is not on board. Russian ships are also banned from UK ports.
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