UK Imposes 19 New Russia Designations Targeting Banks, Shadow Fleet, and War-Economy Enablers

The UK imposed asset freezing sanctions on one individual, 12 entities and six vessels under its Russia (Sanctions) (EU Exit) Regulations 2019. The designations target six Russian banks supporting the country's war economy, six shadow fleet tankers carrying Russian-origin oil and LNG to third countries, a UK-sanctioned shipping company that facilitated a tanker's transfer into Russian ownership, three companies making available goods or technology relevant to Ukraine's destabilization, an entity supporting the Russian energy sector, and one individual sanctioned for ownership of a company in Russia's chemical sector. The package brings the UK's total Russia-regime designations to over 3,400 individuals, entities, and ships, with more than 500 added this year alone.