The new wave of sanctions, announced last week, target individuals and organisations in the energy, metals, defence, transport and financial sectors. They follow import bans on Russian diamonds and metals announced by Prime Minister Rishi Sunak at the G7 in Japan.
The 86 include nine organisations connected to Russia’s state-owned nuclear energy company, Rosatom, and eight metals companies connected to metals production. Billionaire oligarch and owner of the Russian Copper Company Igor Altushkin has been sanctioned, as well as 24 individuals and entities in the transport services sector, including some connected to the theft of Ukrainian grain.
In banking, five financial institutions have been sanctioned, including JSC Dom RF and Metallurgical Investment Bank.
Foreign secretary James Cleverly said: ‘We will continue to increase this pressure and crack down on all emerging forms of circumvention until Ukraine prevails and peace is secured.’
