UK to Announce New Sanctions on Russian Oil Tankers and Finance Networks at G7
The United Kingdom will announce sanctions targeting Russia's shadow fleet and financial networks at the G7 summit in Evian, France. A separate agreement will supply enriched uranium from a UK company to Ukraine's nuclear power stations.
thehindu.comThe measures aim to restrict revenues used to support military procurement and circumvent existing sanctions. A separate energy agreement will provide enriched uranium from a UK company to Ukraine's nuclear power stations for the next two years. The deal includes £210 million in UK Export Finance support and is expected to sustain hundreds of jobs in northwest England.
Officials cited a military operation that intercepted the Smyrtos vessel early Sunday morning as an example of increased enforcement.
The uranium supply agreement was reached during a meeting between the prime minister and President Zelenskyy at Downing Street last week. The annual G7 summit begins Tuesday morning with a session focused on peace and security for Ukraine and Europe.
The prime minister is expected to tell leaders that the G7 should take further steps to help Ukraine achieve a just and lasting peace. The statement will call for an immediate ceasefire and negotiations starting from the current line of contact. "Russia's aggression threatens not just Ukraine, but the security of all Europe.
That is why the UK is stepping up – choking off the revenues that fuel Putin's war and powering Ukraine through the winters ahead," the prime minister said.
