UK Announces New Sanctions Targeting Russian War Effort at G7
The United Kingdom is set to unveil a new package of sanctions against Russia, announced by Prime Minister Sir Keir Starmer during the G7 summit in Alberta, Canada. These measures, developed in coordination with allied nations, are specifically designed to increase economic pressure on Moscow and “restrict Putin’s war machine.”
Speaking from the summit, Sir Keir stated that the sanctions aim to demonstrate to Vladimir Putin that pursuing peace in Ukraine is ultimately in “his and Russia’s interests.” He emphasized that the UK and its G7 partners were finalizing the details of the package, which is intended to “squeeze Russia’s energy revenues and reduce the funds they are able to pour into their illegal war.”
“The fact is, Russia doesn’t hold all the cards,” Sir Keir added, signalling the UK’s resolve to continue applying pressure. Downing Street indicated the sanctions would target the “Russian military industrial complex” but provided limited specific details at the time, explaining that discussions were still ongoing at the G7 summit.
Allied Positions Diverge
While the UK moves forward with its plans, full G7 unity on immediate new sanctions appeared challenged. Former US President Donald Trump, also present at the summit, signalled his opposition to further measures. Citing the significant financial burden on the United States, Trump argued that sanctions “cost [the US] a lot of money” and are “not just a one-way street.” He indicated a preference to await potential peace talks between Russia and Ukraine before endorsing additional sanctions.
Adding to the complexity, Trump reiterated his view that the 2014 decision to expel Russia from the G8 group of major economies (following its annexation of Crimea) was “a mistake” that has made international relations “more complicated.” The expulsion was initiated by then-US President Barack Obama and other global leaders.
Part of a Broader Strategy
The sanctions announced at the G7 are part of the UK’s sustained and evolving strategy to cripple Russia’s capacity to fund and conduct its war in Ukraine. In subsequent actions reflecting this commitment, the UK has continued to target Russia’s economic lifelines and circumvention efforts.
Notably, the UK has since announced what has been described as its largest package of sanctions against Russia since 2022. These extensive measures have aimed to disrupt military supply chains, block funding, and expose enablers of Russian aggression. A key focus has been Russia’s “shadow fleet,” used to evade existing oil sanctions. The UK has become a leading nation in sanctioning Russian ships, blacklisting over 100 vessels linked to the shadow fleet which experts say is vital for Russia to continue oil exports despite international restrictions. These efforts also include, for the first time, targeting foreign financial institutions found to be supporting Russia’s war economy.
The context for these ongoing pressure tactics includes continued military action in Ukraine, with reports indicating civilian injuries from recent drone and missile strikes on cities like Kyiv.
While the full scope of the G7 package remained under wraps as the summit commenced, the UK’s announcement underscores its determination to maintain economic pressure on Russia, pursuing a path aimed at forcing Moscow towards concessions and ultimately a peaceful resolution, despite differing approaches among allies.
