The Prime Minister has ramped up economic pressure on Russia with
a raft of new sanctions, as he galvanises support behind Ukraine
at the G7 Summit in Canada today.
The 30 targets strike across Russia's financial, military and
energy sectors in response to Putin's continued aggression. His
repeated refusals to engage seriously in peace has redoubled the
UK's resolve to apply a stranglehold on the Russian
economy.
The new sanctions crack down further on Putin's shadow fleet,
targeting 20 of his oil tankers. The UK is also tightening the
net around those who enable Putin's illicit oil trade,
sanctioning Orion Star Group LLC and Valegro LLC-FZ, for their
role in crewing and managing shadow fleet vessels.
Today's action also targets Russia's military capabilities,
hitting the military agency leading the development of Russia's
underwater intelligence gathering operations (GUGI), protecting
the UK from attacks on subsea infrastructure, restricting Putin's
war machine and increasing our security at home.
In addition, two UK residents Vladimir Pristoupa and Olech Tkacz
operating a shadowy network of shell companies, have now been
sanctioned for collectively funnelling over $120 million of
electronics, many of which are on the Common High Priority goods
list, to Russia.
These individuals, who live and own businesses in the UK, are
responsible for supplying Russia with high tech electronics which
are crucial to Putin's war effort. The UK will not tolerate those
who enable Putin to wage his illegal war, and today's sanctions
demonstrate there is nowhere to hide.
Prime Minister said:
“These sanctions strike right at the heart of Putin's war
machine, choking off his ability to continue his barbaric war in
Ukraine.
“We know that our sanctions are hitting hard, so while Putin
shows total disregard for peace, we will not hesitate to keep
tightening the screws.
“The threat posed by Russia cannot be underestimated, so I'm
determined to take every step necessary to protect our national
security and keep our country safe and secure.”
Foreign Secretary, said:
“With his continued attacks and needless bloodshed, it is
clear that Putin has no interest in
peace.
“Today's sanctions show we will systematically dismantle his
dangerous shadow fleet, starve his war machine, and support
Ukraine to defend
itself.
“The UK and our allies will not sit idly by whilst Putin's
cowardly inaction continues to cost lives.”
The UK also plans to move with partners to tighten the Oil Price
Cap to hurt Russia's oil revenues, while ensuring stability of
the energy market.
We are determined to hit Putin where it hurts by striking at his
oil revenues – the single most important source of funding for
his barbaric war.
ENDS
Notes to editors:
·
GUGI is the common name for the Main Directorate of Deep-Sea
Research within Russia's Ministry of Defence.
·
A full list of today's targets can be found here.
