UK Cracks Down on Russian Sanctions Evasion with New Measures

The British government has unveiled a comprehensive package of sanctions designed to tackle 'backdoor Russian sanctions evasion' and 'crypto and illicit finance networks exploited by Russia'. The measures, announced by Foreign Secretary Yvette Cooper, target the evolving tactics used by Russia to evade restrictions.

Key to the new package are 18 new sanctions designations that directly target Russia's illicit financial infrastructure. This infrastructure is allegedly used to move funds, procure goods, and sustain its war economy.