The UK has announced new sanctions on Russia, adding about 50 companies and individuals to the sanctions list.
According to the government’s statement, new sanctions target suppliers of munitions, machine tools, microelectronics, and logistics for Russia’s military, including entities based in China, Israel, Kyrgyzstan, and Türkiye.
They also crack down on institutions at the heart of Russia’s financial system, including the Moscow Stock Exchange.
Well-known Russian businessmen have been sanctioned, including Ivan Tavrin, founder of Kismet Capital Group, which provides equipment for mobile operators, and Armen Meruzhanovich Sargsyan, founder and owner of S8 Capital, the multidisciplinary holding which owns Russian tire factories.
Sanctions have also been imposed on NAMI, Russia’s leading scientific organization in automotive industry development.
