Starmer hits Russia with new sanctions and reveals £210m Ukraine finance deal
UK forces intercept Russian shadow fleet oil tanker in English Channel
The prime minister, Sir Keir Starmer, has announced a new package of sanctions targeting Russia‘s shadow fleet and a £210 million export finance deal to bolster Ukraine‘s nuclear power infrastructure.
Unveiled at the G7 summit in France, these measures aim to disrupt Vladimir Putin’s war efforts and secure Ukraine’s energy supply, with the prime minister warning of Putin’s aggression threatening European security.
The £210 million financing will enable UK-based Urenco to supply enriched uranium to Ukraine’s state nuclear power producer, Energoatom, for the next two years, supporting over 4,500 UK jobs.
The new sanctions package will directly target Russia’s illicit shadow fleet and financial networks used to bypass Western restrictions, bringing the total number of sanctioned vessels to over 600.
This initiative follows a recent UK-led operation where British armed forces intercepted a Russian shadow fleet vessel in the Channel, marking the first such intervention by the UK.
