INSUBCONTINENT EXCLUSIVE:
The United Kingdom on Thursday revealed dozens of new sanctions aimed at impeding Russia's ability to wage war against Ukraine, including
targeting Moscow's main stock exchange, a day after Washington announced similar measures.London said the 50 new restrictions, which are
part of "coordinated action with G7 partners," would hit the Russian financial system and suppliers supporting Moscow's military
production."Today, we are once more ramping up economic pressure through sanctions to bear down on Russia's ability to fund its war
machine," Prime Minister Rishi Sunak said as G7 leaders convened for a summit in southern Italy.The move comes a day after Washington
unveiled a raft of sanctions that raise the stakes for foreign banks still doing business with Russia
Those measures prompted the Moscow Exchange to halt dollar and euro trades on Thursday.Russian President Vladimir Putin "must lose, and
cutting off his ability to fund a prolonged conflict is absolutely vital," Sunak said in a statement.Among the new U.K
sanctions are its first restrictions on vessels in Russia's so-called shadow fleet, used by the Kremlin to circumvent Western curbs on its
oil exports.They also target suppliers of munitions, machine tools, microelectronics and logistics to Russia's military
Those suppliers include entities based in China, Israel, Kyrgyzstan and Turkey, along with ships that transport military goods from North
Korea to Russia.London said it was also "working with counterparts to agree on a mechanism to bring forward the extraordinary profits
stemming from immobilized Russian sovereign assets to the benefit of Ukraine."The White House has said that steps to aid Ukraine using
frozen Russian assets will be announced during the G7 gathering.
