UK sanctions aim to squeeze Russian defence companies
Rostec designed the Sprut-SDM1 light floating tank. (Photo: Rostec)
The UK has hit major Russian defence companies, including Rostec, with sanctions in retaliation for Russia’s invasion of Ukraine.
The UK on 24 February imposed sanctions on Rostec (Russia’s major defence conglomerate), Tactical Missiles Corporation and vehicle manufacturer Uralvagonzavod.
The UK also announced it would tighten trade restrictions to squeeze Russia’s electronics, telecommunications and aerospace industries in the wake of the invasion of Ukraine.
Also included in the list of sanctions are United Aircraft Corporation (UAC) and the United Shipbuilding Corporation (USC).
The companies are subject to asset freezes.
Announcing the new sanctions package, UK Prime Minister Boris Johnson accused Russian President Vladimir Putin of ‘hurling the might of his military machine’ against a free and peaceful neighbour.
Johnson described
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