The UK is preparing new sanctions against Russia's financial sector
The United Kingdom plans to intensify sanctions pressure on Russia, focusing on the financial sector. Following discussions regarding a possible easing of restrictions on Russian oil, London is preparing a new package of sanctions that could target a number of key financial and economic sectors in Russia.
This was reported by RBC-Ukraine, citing comments made by Vladislav Vlasyuk, the President of Ukraine’s representative on sanctions policy, to journalists
According to him, amid discussions regarding the UK’s latest decisions, the fact that the May 20 sanctions package is actually a significant tool for exerting pressure is often overlooked.
“If we analyze the document in detail, London has imposed new restrictions in several areas,” Vlasyuk said.
One of the key decisions was the ban on Russian uranium. This involves a complete ban on imports, purchases, and transit through third countries. This limits Rosatom’s revenues and opportunities in the international nuclear energy market.
Export controls have also been expanded to cover products used in the Russian military industry. The following have been subject to sanctions:
industrial chemicals;
metals;
equipment for the production of microchips and drones;
carbon fiber products;aluminum;
boron nitride;
ammonium fluorides;
arsenic.
Separately, the restrictions apply to construction services. Companies are prohibited from performing architectural, engineering, and certain construction work for entities linked to Russia.
Controls over Russian vessels have also been tightened. The criteria for identifying them have been expanded, new licensing requirements have been introduced, and a range of maritime services has been banned. The restrictions apply, in particular, to the transport of Russian liquefied gas and coal.
“This is the next stage in the modernization of the sanctions regime, but it is far from the end. As early as this week, we expect another major package from the United Kingdom, which will focus specifically on the financial sector,” the presidential envoy concluded.
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