Britain has imposed new, sweeping sanctions against Russia.

On October 8, the UK announced a new package of sweeping sanctions against Russia, aimed at weakening its oil revenues, military-industrial complex, and schemes to circumvent the restrictions.

The British government press service reported this.

A total of 38 new individuals and entities were added to the sanctions list. These include Russian oil companies, “shadow fleet” tankers, and suppliers of goods critical to the Russian military.

Specifically, London imposed restrictions on the Russian oil companies Zarubezhneft and INK Capital. According to British authorities, the sanctions are intended not only to reduce revenues from Russian oil sales but also to close off channels for circumventing international restrictions.

Also subject to sanctions were 12 oil tankers used within the Russian “shadow fleet”.

Separately, the UK imposed restrictions on three cryptocurrency exchanges and two payment platforms, including three entities linked to Kyrgyzstan and one individual. London suspects these organizations were used by Russia to circumvent financial sanctions. According to the British government, two of them processed or facilitated transactions with the A7 network.

Another 17 organisations and individuals have been placed under restrictions due to the supply of General High Priority (GHP) goods, which the UK, US and EU consider critical for the Russian military industry.

This applies, in particular, to Russian importers of machine tools, electronics, and materials needed for the production of ballistic missiles and drones.

“The movement of these goods is global, with individuals and legal entities disguising their illicit trade with Russia through third countries,” the British government explained.

Earlier, the Council of the European Union extended for another year individual sanctions against individuals and organizations linked to Russia’s destabilizing and hybrid actions abroad.