UK announces new Russia sanctions package with implications for international trade

17 June 2026

 

The UK government has unveiled a major new package of sanctions against Russia, introducing 70 new measures aimed at disrupting military supply chains, restricting sanctions evasion networks and targeting vessels linked to Russia's so-called "shadow fleet".

Announced during the G7 Summit, the package forms part of the UK's ongoing efforts to increase pressure on Russia's war economy and limit its ability to fund military operations in Ukraine. The latest measures target a range of individuals, entities and vessels involved in supporting Russia's military procurement, financial networks and energy exports.

According to the government, the new sanctions focus on three key areas:

  • Shadow fleet vessels used to transport Russian oil and circumvent international restrictions
  • Military procurement and supply networks supporting Russia's defence sector
  • Financial and commercial structures used to evade existing sanctions

The announcement follows a series of recent UK actions aimed at strengthening sanctions enforcement, including measures targeting cryptocurrency networks, illicit finance routes and third-country intermediaries used to facilitate trade with Russia.

For UK importers and exporters, the latest package serves as a reminder of the importance of robust sanctions compliance procedures.

Potential implications for businesses include:

  • Increased due diligence requirements when screening customers, suppliers and intermediaries
  • Greater scrutiny of shipping routes, vessel ownership and logistics providers
  • Enhanced compliance obligations for businesses involved in international trade, finance and transport
  • Increased risk of enforcement action where sanctions controls are not properly followed

The development highlights the need for businesses to understand not only who they trade with, but also the wider networks involved in transactions, transportation and payment flows.

The UK government has also recently confirmed plans to phase out imports of diesel and jet fuel refined from Russian crude oil via third countries, with transitional arrangements due to expire by 1 January 2027.

As sanctions continue to evolve, businesses involved in international trade should ensure that compliance procedures, customer screening processes and supply chain due diligence measures remain up to date.

 

By Carla Assunção, Chamber International

 

We can help businesses understand sanctions requirements, export controls and international trade compliance. Speak to our team.

Businesses looking to strengthen their knowledge in this area may also be interested in our Export Licensing Workshop on 20 October 2026. Find out more and reserve your place.