Shell to invest up to £25bn in UK energy after cutting ties with Russia

JThe UK has unveiled new sanctions against 65 other Russian entities, including Alfa-Bank, as it targets “strategic industries” and key business figures in the country.

The new measures target industries supporting Russia’s invasion of Ukraine, including Russian Railways and defense company Kronshtadt, Russia’s top drone producer.

The Wagner Group – the Russian mercenary organization allegedly tasked with assassinating President Zelenskyy – was also sanctioned.

Six other banks are targeted, including Alfa-Bank, whose co-founders include previously sanctioned oligarchs Mikhail Fridman, Petr Aven and German Khan. The largest diamond producer in the world, Alrosa, is also sanctioned.

Among those sanctioned are billionaire oil tycoon Eugene Shvidler, founder of Tinkoff Bank Oleg Tinkov, Herman Gref, chief executive of Russia’s largest bank Sberbank, and Polina Kovaleva, daughter-in-law of Foreign Minister Lavrov.

Foreign Secretary Liz Truss said:

These oligarchs, corporations and hired thugs are complicit in the murder of innocent civilians and it is right that they pay the price. Putin should have no illusions – we are united with our allies and will continue to tighten the screws on the Russian economy to contribute to its failure in Ukraine. There will be no respite.

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