UK sanctions Nigerian company over alleged Russia links
The United Kingdom has imposed sanctions on a Nigerian firm accused of aiding a Russian financial network. The action is part of a larger package targeting individuals, entities, and vessels linked to Russia’s military and financial operations. Prime Minister Keir Starmer and Foreign Secretary Yvette Cooper emphasized the UK’s commitment to disrupting Russia’s war economy. The UK government says these measures aim to prevent Russia from bypassing Western sanctions and financing its military activities in Ukraine.
What we know
- The UK sanctioned a Nigerian firm for allegedly supporting a financial network used by Russia to evade sanctions.
- The sanctions package targets 70 individuals, entities, and vessels linked to Russia’s military procurement and illicit finance.
- The UK Foreign, Commonwealth & Development Office stated the measures are to disrupt Russia’s ability to finance its military activities in Ukraine.
- Prime Minister Keir Starmer said the sanctions aim to cut off resources sustaining Russia’s war economy.
- Yvette Cooper highlighted the Kremlin’s reliance on covert financial networks and ageing vessels, with the UK acting to shut them down.
