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The Economic Times

Bollywood / The Economic Times

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UK targets Russian banks, shadow fleet ships in latest sanctions package

The United Kingdom has imposed new sanctions targeting Russian banks and shadow fleet tankers. These measures aim to disrupt funding for Russia's ongoing military actions in Ukraine. Six Russian banks are sanctioned for supporting the war economy, while six tankers face penalties for evading sanctions. Four companies importing critical metals for military equipment are also included in the package. These actions underscore Britain's commitment to Ukraine's security and global stability.

6 Aug 2026 8:06 pm