UK Unveils First Major Sanctions Package Under Foreign Secretary Ed Miliband

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14 August 2026 12:17
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UK Unveils First Major Sanctions Package Under Foreign Secretary Ed Miliband

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions for their role in Russia’s barbaric war on Ukraine.

In his first major sanctions package, Foreign Secretary Ed Miliband has reinforced the UK’s commitment to the people of Ukraine by announcing new measures against those supporting the Kremlin’s war effort, News Cover reports, citing the UK government's official website.

The package targets individuals and businesses enabling Russia’s war in Ukraine, further constraining the networks and revenue streams on which the Kremlin relies.

Among the 19 targets sanctioned today are six Russian banks propping up its war economy, six newly acquired shadow fleet tankers responsible for dodging Western sanctions and four Russian companies importing tantalum and niobium, rare metals critical for producing military equipment used on the battlefield in Ukraine.