The UK is set to unveil additional sanctions targeting Russia, Foreign Secretary David Lammy said in Parliament on Wednesday, Sky News reports.
The new measures are expected to target individuals profiting from Russian oil. Lammy said that an announcement would be made “very shortly,” without providing further details.
Lammy highlighted Britain’s previous measures, including lowering the Russian oil price cap - a move designed to limit Moscow’s revenue from exports while avoiding major disruptions to global energy markets - which he described as “essential.”
He also noted Britain's role in enacting what he described as the “largest package of sanctions anywhere in the world against Putin's war machine.”
This development comes as the European Union is discussing its 19th sanctions package, which may include secondary sanctions on countries aiding Moscow.
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