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UK follows US in imposing sanctions on Moscow Stock Exchange

UK follows US in imposing sanctions on Moscow Stock Exchange
UK follows US in imposing sanctions on Moscow Stock Exchange

 


Russian President Vladimir Putin “must lose, and it is absolutely vital that we cut off his ability to finance a protracted conflict,” Sunak said.

Among the new British sanctions are the first sanctions against ships from Putin's so-called shadow fleet, used by the Kremlin to circumvent Western restrictions on its oil exports.

They are also targeting suppliers of munitions, machine tools, microelectronics and logistics to the Russian military, Sunak's Downing Street office said.

These suppliers include entities based in China, Israel, Kyrgyzstan and Turkey, as well as ships transporting military goods from North Korea to Russia.

British Foreign Secretary David Cameron told reporters in London that the government's use of sanctions was no longer limited to companies and individuals operating in the United Kingdom or Europe.

“We're going after companies around the world… we're going after the money, we're going after the oil, we're going after the gas, we're going to stop the ships. We're doing everything we can to stop the Russian war machine,” he said. he declared.

Sunak's office said he was also “working with his counterparts to agree a mechanism to bring to bear the extraordinary profits from Russian sovereign assets tied up for the benefit of Ukraine.”

The White House said measures to help Ukraine using frozen Russian assets would be announced at the G7 summit.

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