UK unveils new round of sanctions against Russia

China News Service, London, October 8 (Reporter Ouyang Kaiyu) On October 8, local time, the British government issued an announcement to launch a new round of sanctions against Russia, focusing on areas such as energy trade, cross-border finance, and military supply chains.

This round of sanctions has added dozens of relevant individuals and entities. In the energy field, the UK focuses on imposing sanctions on the Russian oil industry and illegal shipping fleets, further constricting Russian energy foreign trade channels.

At the financial level, the UK’s sanctions target cross-border payment and cryptocurrency-related entities that assist Russia in circumventing international financial restrictions. The British side believes that such underground financial channels have long circulated large amounts of funds for Russia to support its military expenditures and wartime operations. This round of sanctions is intended to cut off Russia's secret capital circulation network.

At the same time, the UK has included a number of institutions and individuals involved in the trade of dual-use military and civilian materials with Russia into the scope of sanctions, cracking down on the supply chain of key military production equipment and components to Russia through third-party channels, and closing the gap in Russian arms manufacturing materials.

Since the outbreak of the Russia-Ukraine conflict, the United Kingdom has upgraded its sanctions system against Russia many times and continued to expand the coverage and intensity of sanctions. As of now, Russian officials have not publicly responded to this round of new British sanctions.