It said that the sanctions focus on "funds going into Putin's war chest and propping up Russia's kleptocratic system," adding that they "will also target Russia's military machine, entities in third countries who support it and the fragile supply networks that it relies on."
Several North Koreans were among those targeted including North Korean Defense Minister No Kwang-chol. It said, "Other North Korean generals and senior officials complicit in deploying over 11,000 [North Korean] forces to Russia," stressing that the North "has suffered over 4,000 casualties."
The U.K. also sanctioned about a dozen key figures accused of profiting from the war, as well as companies involved in Russia's military sector and manufacturers and suppliers of electronic components, including microprocessors, essential to Russian weapons systems.
On the same day, the European Union officially approved its 16th sanctions package against Russia, marking three years since Moscow's invasion of Ukraine. The new measures target Russia’s oil tankers, banks, aluminum imports, and other key sectors, aiming to tighten economic pressure on Moscow.
The country's Foreign Secretary David Lammy described the sanctions as "the largest in almost 3 years," reaffirming the country's commitment to Kyiv. "Lasting peace will only be achieved through strength," Lammy said. "That is why we are focused on putting Ukraine in the strongest possible position."
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