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UK announces new sanctions against Russia

June 17, 2025
in Markets
UK announces new sanctions against Russia
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KANANASKIS: Britain on Tuesday announced further sanctions against Russia over the war in Ukraine, in what Prime Minister Keir Starmer will describe as part of a coordinated move by the Group of Seven (G7) countries.

A notice posted on the government website said Britain’s latest sanctions targeted four individuals, six entities and 20 ships, including oil tankers, marine-related companies, and suppliers of goods to Russia – particularly electronics.

Starmer is expected to set out details of the sanctions later on Tuesday from a G7 summit in Canada.

He will say he wants “to work with all of our G7 partners to squeeze Russia’s energy revenues and reduce the funds they are able to pour into their illegal war,” according to advance excerpts of his remarks released by his office.

British PM Starmer calls for ‘return to diplomacy’ after Israel strikes on Iran

Britain has already sanctioned over 2,300 individuals, entities and ships as part of sanctions against Russia since the 2022 invasion of Ukraine.

“We should take this moment to increase economic pressure and show President (Vladimir) Putin it is in his – and Russia’s interests – to demonstrate he is serious about peace,” Starmer is expected to say.

Tags: G7G7 groupG7 summitRussiaRussia sanctionUK sanctions
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