UK Govt announces its largest sanctions package on Russia, with nearly 300 measures targeting oil revenues, banks, and shadow fleet networks to curb funding for Moscow’s war in Ukraine

The UK Government announced nearly 300 new sanctions against Russia on the fourth anniversary of the full-scale invasion of Ukraine, targeting key oil revenues, military supply chains, banks, LNG operators, and 175 companies linked to the ‘2Rivers’ shadow oil network, as well as 48 tankers and the pipeline giant PJSC Transneft, in a bid to further weaken the Kremlin’s war economy and limit its ability to finance the conflict…