ANNOUNCEMENT 04 Jul 2022

In July 2022, the UK government announced new sanctions on a pro-Russian online news site.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

UK HM Treasury, Office of Sanctions Implementation, Financial Sanctions Notice, 04/07/2022. Available at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1087942/Notice_Russia_040722.pdf

Inception date: 04 Jul 2022 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 29 June 2022, the UK Treasury issued a notice imposing sanctions on pro-Russian online news site United World International on account of its alleged role in the invasion of Ukraine. The Financial Sanctions Implementation Office of HM Treasury has frozen the assets of this entity and transactions by UK citizens or companies with this entity are prohibited.

According to the financial sanction notice, United World International, which is located in Istanbul, Turkey, is an online news site that promotes pro-Russian disinformation. The Financial Sanctions Implementation Office argued that “there are reasonable grounds to believe that this entity is or has been involved supporting, or promoting policies or actions which destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty or independence of Ukraine.”

Apart from the above-mentioned entity, the UK also introduced sanctions on several Russian individuals.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A