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Investing.com -- Britain imposed new sanctions against Russia on Tuesday as part of a coordinated effort by G7 countries to increase pressure over the war in Ukraine.
The latest round of sanctions targets four individuals, six entities, and 20 ships, including oil tankers, marine-related companies, and suppliers of electronics and other goods to Russia, according to a notice on the UK government website.
Prime Minister Keir Starmer is scheduled to provide more details about the sanctions later Tuesday during the G7 summit in Canada. In prepared remarks released by his office, Starmer will emphasize his desire "to work with all of our G7 partners to squeeze Russia’s energy revenues and reduce the funds they are able to pour into their illegal war."
The UK has already sanctioned more than 2,300 individuals, entities, and ships as part of its sanctions program against Russia since the 2022 invasion of Ukraine.
In his upcoming remarks, Starmer is expected to add: "We should take this moment to increase economic pressure and show President Vladimir Putin it is in his - and Russia’s interests - to demonstrate he is serious about peace."
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