Britain announces sanctions on the second anniversary of the invasion

On Thursday, February 22, on the eve of the second anniversary of Russia's full-scale invasion of Ukraine, the United Kingdom announced new sanctions against Russia for its aggression against Ukraine.

This is stated in a statement on the British government's website, according to Yevropeiska Pravda.

"Ukraine has shown that it can and will defend itself. Putin mistakenly thought that since Russia's economy is larger than Ukraine's, he would win a quick victory. But the economies of Ukraine's friends are 25 times bigger than Russia's... Our sanctions deprive Putin of the resources he desperately needs to finance his war," said British Foreign Secretary David Cameron.

The new sanctions target companies involved in the production of munitions, such as missile systems, rockets, explosives, and other critical goods used in military equipment. The sanctions were imposed against the Sverdlov State Enterprise, the largest enterprise in the Russian ammunition industry.

Key Russian importers and machine tool manufacturers, which play an important role in the production of vital defense systems and components, from missiles and engines to tanks and fighter jets, were also targeted.

Oil trader Niels Troost and his company Paramount Energy & Commodities SA, which facilitates the unimpeded trade in Russian oil outside the sanctions, are also subject to restrictions.

Author - Olena Madiak, 23/02/2024