UK ramps up pressure: Over 50 sanctions hit Russia ahead of Ukraine war anniversary

Days before the anniversary, the package of measures—which covered over 50 people and entities—was announced.

Author
Bhaskar Chakravorty
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Two years after the invasion of Ukraine, Britain said on Thursday that it was imposing additional sanctions on Russia with the goal of reducing President Vladimir Putin's war fund and arsenal of weaponry. Days before the anniversary, the package of sanctions, which affected over 50 people and organisations, was unveiled. It is the most recent installment in a concerted Western attempt to impose restrictions on the Russian economy.

'Robbing Putin's war chest'

"Russia cannot afford this unlawful invasion due to the pressure we are applying to the global economy." David Cameron, the foreign secretary, stated in a statement that "our sanctions are robbing Putin of the resources he sorely needs to fund his faltering war."

Revenue's at the target

Britain targeted revenue streams in the metals, diamonds, and energy sectors and sanctioned businesses connected to the Russian armaments industry, including the biggest company, Sverdlov State Owned Enterprise. The foreign office added that important Russian importers and producers of machine tools used in the production of defence systems and their components—from missiles and engines to tanks and fighter jets—were among those targeted by the restrictions.

EU's measures 

On Wednesday, the European Union  adopted a set of broad measures that prohibited around 200 organisations and people who were alleged to have assisted Moscow in obtaining weapons or to have been involved in the abduction of Ukrainian children.
The six people in charge of the Arctic jail colony where Russian opposition leader Alexei Navalny passed away were also sanctioned by Britain earlier this week.