UK unveils a major sanctions package with 70 new designations targeting Russia’s shadow fleet, supply chains and illicit finance networks to disrupt its war economy and weaken its invasion of Ukraine

The measures focus on disrupting oil and LNG exports, tightening pressure on shipping services and insurers, and dismantling GRU-linked procurement networks and third-country intermediaries across multiple jurisdictions, as part of coordinated G7 efforts to weaken Russia’s war economy and restrict its ability to finance and supply its military operations…