Key facts
- Britain sanctioned Yandex Bank, two other lenders, dozens of vessels, and a covert military procurement network.
- The sanctions target financial and logistics networks supporting Russia's war economy.
- The measures include over 20 oil tankers and several LNG vessels.
- This is the first time a G7 country has sanctioned ships linked to Russia's Arctic LNG 2 project.
- A network called Neptune, allegedly a front for Russia's GRU, was targeted for supplying defense technology.
- Britain announced £210 million in financing for Ukraine's energy security, including enriched uranium supply.
Britain has imposed new sanctions on Russia, targeting its 'shadow fleet' of vessels used to evade energy sanctions, financial institutions including Yandex Bank and Rosgosstrakh, and a covert military procurement network allegedly linked to Russia's GRU. Prime Minister Keir Starmer announced these measures, alongside a two-year deal to supply Ukraine's nuclear plants with enriched uranium, during the G7 summit in France. The energy support package, valued at £210 million, will see Urenco supply Ukraine's state nuclear producer, Energoatom. Starmer stated that these actions aim to pressure Moscow's war economy and bolster European security. The G7 summit's agenda includes discussions on peace and security for Ukraine.