Espreso. Global

Britain joins United States in sanctioning Moscow Stock Exchange

13 June, 2024 Thursday
19:20

The UK has expanded its sanctions list against Russia by adding 50 new items, including the Moscow Stock Exchange

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This announcement was made on the British government's official website on June 13.

The new sanctions specifically target institutions crucial to Russia's financial system, such as the Moscow Stock Exchange. The sanctions also targeted ships from Russia's "shadow fleet," institutions fundamental to Russia's financial system, and suppliers that support Russian military production.

Additionally, the sanctions extend to providers of ammunition, machine tools, microelectronics, and logistics to the Russian military. This includes companies from China, Israel, Kyrgyzstan, and Turkey, as well as ships transporting military goods from North Korea to Russia.

British Prime Minister Rishi Sunak emphasized the goal of increasing economic pressure through sanctions to diminish Russia's capacity to fund its military operations. 

"Today, we are intensifying sanctions to undermine Russia's ability to sustain its war efforts. Putin must face consequences, and cutting off his financial means for prolonged war is essential," stated Prime Minister.

  • On June 12, the White House has unveiled a new package of sanctions targeting the Russian war machine and anyone aiding weapon production in Russia.
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