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The UK Government announced Thursday its latest sanction package on Russia, the first to target Russia’s”shadow fleet” of oil ships, in a bid to hinder President Vladimir Putin’s ability to fund the country’s war against Ukraine. UK Prime Minister Rishi Sunak made clear that the UK stands in support of Ukraine and that the sanction package seeks to prevent Putin from “funding his war machine.”
In May, the UK imposed a sanction package targeting “illicit arms-for-oil transfers between Russia and North Korea.” The UK government says that since February 2022, “sanctions have deprived Russia of over $400bn worth of assets and revenues.” Thursday’s sanctions were made under the UK Government’s Russia (Sanctions) (EU Exit) Regulations 2019.
According to its press release, the UK Government says that the latest sanctions target “suppliers of munitions, machine tools, microelectronics, and logistics to Russia’s Russia’s military, including entities based in China, Israel, Kyrgyzstan and Türkiye, along with ships which transport military goods from North Korea to Russia.”
The sanctioned vessels include four vessels from the “shadow fleet” and two vessels that have allegedly shipped weapons to Russia.
The new sanctions also target “institutions at the heart of Russia’s financial system.” These institutions are the Public Joint Stock Company Moscow Exchange Group, PJSC SPB Exchange, Joint Stock Company National Settlement Depositry and Central Counterparty National Clearing Centre. One individual was also sanctioned: Moscow Exchange board chairman Yuri Olegovich Denisov.
Prime Minister Sunak said:
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In May, the UK imposed a sanction package targeting “illicit arms-for-oil transfers between Russia and North Korea.” The UK government says that since February 2022, “sanctions have deprived Russia of over $400bn worth of assets and revenues.” Thursday’s sanctions were made under the UK Government’s Russia (Sanctions) (EU Exit) Regulations 2019.
According to its press release, the UK Government says that the latest sanctions target “suppliers of munitions, machine tools, microelectronics, and logistics to Russia’s Russia’s military, including entities based in China, Israel, Kyrgyzstan and Türkiye, along with ships which transport military goods from North Korea to Russia.”
The sanctioned vessels include four vessels from the “shadow fleet” and two vessels that have allegedly shipped weapons to Russia.
The new sanctions also target “institutions at the heart of Russia’s financial system.” These institutions are the Public Joint Stock Company Moscow Exchange Group, PJSC SPB Exchange, Joint Stock Company National Settlement Depositry and Central Counterparty National Clearing Centre. One individual was also sanctioned: Moscow Exchange board chairman Yuri Olegovich Denisov.
Prime Minister Sunak said:
The post UK announces new sanctions targeting Russian ships appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.