UK Announces New Sanctions Package Against Russia

The package of 107 sanctions is the largest since immediately following the invasion of Ukraine in 2022.

Key parties targeted by the package include:

➡️ Producers and suppliers of Russian military equipment based in a range of third countries;

➡️ Senior North Korean officials responsible for the deployment of military forces to Russia;

➡️ Wealthy Russian individuals and businesses responsible for supporting the Russian war effort and strategic sectors of the economy; and

➡️ Ships responsible for transporting Russian oil.

✅ Firms should ensure sanctions screening systems account for the latest lists in line with technical policies.