UK sanctions oil and gold networks “propping up Russia’s war economy”

Britain imposes sanctions on Russian oligarchs, businesses, and international networks aiding Russia's oil and gold industries, which play a significant role in financing the ongoing invasion of Ukraine. The post UK sanctions oil and gold networks “propping up Russia’s war economy” appeared first on Euromaidan Press.

Nov 8, 2023 - 20:17

UK sanctions oil and gold networks “propping up Russia’s war economy”

UK sanctions have been imposed on Russian oligarchs and businesses, as well as international networks propping up the country’s oil and gold industries, The Guardian reports.

On 8 November, the United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO) announced the targeting of 29 individuals and entities to thwart their support for Moscow in evading established international sanctions. The FCDO emphasized that Russia’s gold and oil sectors play a significant role in financing the ongoing invasion of Ukraine.