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UK Sanctions Strategy
22 February 2024
Type
Written Ministerial Statement
Department
Foreign, Commonwealth and Development Office
At a Glance
Issue Summary
The UK government is publishing its first sanctions strategy, outlining the approach and priorities for using sanctions to address challenges posed by hostile states and criminal activity.
Action Requested
The UK announces a package of over 50 designations targeting the Russian military-industrial complex and Russia's major revenue-generating industries. Additionally, six individuals responsible for Alexei Navalny's mistreatment are designated under sanctions. The government will publish a Post-Legislative Scrutiny Memorandum in early March to assess the implementation of the Sanctions and Anti-Money Laundering Act 2018.
Key Facts
- The UK has built formidable sanctions capability since the passage of the Sanctions and Anti-Money Laundering Act 2018.
- Over 50 designations target Russian military-industrial complex and revenue-generating industries, including energy and metals.
- Six individuals are designated in response to Alexei Navalny's mistreatment by Russian authorities.
- The Post-Legislative Scrutiny Memorandum will be published in early March.
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