Britain announced the largest ever package of sanctions against Russia on the 4th anniversary of the Russia-Ukraine war. The British Foreign Office statement said: “The UK has announced a historic sanctions package that further weakens the Kremlin’s ability to continue its illegal war by cutting vital oil revenues.”
“As Britain and international partners continue to increase pressure on Putin’s collapsing war machine, Russian oil revenues have fallen to their lowest level since 2020,” the statement said, adding that Britain is simultaneously taking tough measures against Russia’s vital energy revenues, including oil exports and the main suppliers of military equipment that support the war effort. Statements were recorded.
The statement said the sanctions package in question was the largest since Russia’s invasion of Ukraine in 2022: “Today’s action targets PJSC Transneft, one of the world’s largest oil pipeline companies, transporting more than 80 percent of Russia’s oil exports, and makes it even more difficult for the Kremlin to find buyers for its sanctioned oil.” It has been said.
The statement said Russia had suffered more than $450 billion in losses from international sanctions imposed so far, and that this damage meant two years of additional funding for Russia’s war in Ukraine. “To make up for lost revenue, the Kremlin was forced to increase taxes on ordinary Russians, including VAT and corporate taxes,” the statement said. It has been said.
The statement said that oil tankers, so-called shadow fleets, were also affected by the sanctions to prevent Russia’s illegal oil exports. “The new measures have imposed sanctions on 175 companies in the ‘2Rivers’ oil network, one of Russia’s largest shadow fleet operators in the world and a key trader of Russian crude oil.” Expressions were used.
The statement said that Russia’s shadow fleet was the British government’s main target and that Britain had so far imposed sanctions on more than 3,000 people, institutions and oil tankers linked to Russia.
Sanctions under the package announced today by the United Kingdom include 49 organizations and individuals engaged in weapons production, three civilian nuclear energy companies, six entities, including the Portovaya and Vysotsk terminals responsible for exporting liquefied natural gas, and nine Russian banks.
