UK Foreign Secretary David Cameron has announced more than 50 new sanctions against Russia, Report informs referring to the UK government website.
Among those sanctioned today are companies linked to manufacturing munitions such as rocket launch systems, missiles, explosives and other critical goods used in military equipment.
This includes Sverdlov State Owned Enterprise, the largest enterprise in the Russian ammunition industry, key Russian importers and manufacturers of machine tools, which are instrumental in manufacturing vital defense systems and components ranging from missiles and engines to tanks and fighter jets, oil trader Niels Troost and his company Paramount Energy & Commodities SA.
Troost facilitates the trade of Russian oil outside the reach of UK and G7 sanctions, including through UAE-based Paramount Energy & Commodities DMCC, which the UK designated in November 2023, Fractal Marine DMCC, Beks Ship Management, and Active Shipping, two Russian diamond companies and Pavel Alekseevich Marinychev, the new CEO of Alrosa, the largest state-owned Russian diamond producer, estimated to hold a 30% share in the global diamond market, as well as five senior executives or owners of Russia’s top producers of copper, zinc and steel.