London [UK] February 25 : The Labour Party-led United Kingdom government has announced the largest sanctions package of over 100 new sanctions against Russia after the completion of three years of the ongoing war between Russia and Ukraine.
"Three years on from President Putin's full-scale invasion of Ukraine, the UK has today imposed over 100 new sanctions directly targeting those who continue to aid the invasion. 107 new sanctions announced as the UK unleashes our largest sanctions package since the early days of the invasion", the UK government said in a press release.
The UK Government said the "milestone package" targets Russian military supply chains, revenues fuelling Putin's illegal war, and Kleptocrats driving profits for the Kremlin.
"They also aim for strengthening Ukraine's hand will help to build a secure and prosperous Europe and the UK - a foundation of the government's Plan for Change," the statement read.
"Today's measures will target funds going into Putin's war chest and propping up Russia's Kleptocratic system," it added.
The UK Prime Minister said last week that they are facing a "once-in-a-generation moment for the collective security" of their continent, adding that the UK is working with its allies to put Ukraine in the best position to achieve peace through strength.
"The sanctions will also target Russia's military machine, entities in third countries who support it and the fragile supply networks that it relies on. The targets include: producers and suppliers of machine tools, electronics and dual-use goods for Russia's military, including microprocessors used in weapons systems. These are based in a range of third countries, including Central Asian states, Turkey, Thailand, India and China, which are the largest suppliers of critical goods for Russia's military," the statement read.
The 13 Russian targets include LLC Grant-Trade, its owner Marat Mustafaev and his sister Dinara Mustafaeva, who have used the company to funnel advanced European technology into Russia to support its illegal war
"For the first time, we are also using new powers to target foreign financial institutions supporting Russia's war machine. We are sanctioning the Kyrgyzstan-based OJSC Keremet Bank, disrupting Russia's use of the international financial system to support its war efforts," the UK government further stated.
It added, "Keeping the country safe is the Government's first priority and an integral part of the Prime Minister's Plan for Change. Sanctions against Russia's military machine and the revenues fuelling it will improve the chances of a just and lasting peace in Ukraine, which will benefit security and prosperity in the UK."
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