A press release from the FCDO states that nearly 300 newly sanctioned parties, mainly those involved in trade in oil, have been added to the UK Sanctions list. 

The action for UK businesses is to review the updated lists and take any necessary action. It is also important to consider the risk of diversion of commodities supporting the sanctioned trade industries.

The additional sanctioned targets are aimed at further restricting Russian energy revenues, the export and movement of oil, and the supply of key military equipment. The impact on Russian revenues is intended to hamper funding for the war against Ukraine.

Over half of the additions to the UK Sanctions List are those involved in the trade and movement of Russian oil, including PJSC Transneft, one of the world’s largest oil pipeline companies. The business facilitates the export of over 80% of Russian oil.

The new measures are also aimed at Russian illicit oil traders, adding 175 companies in the ‘2Rivers’ oil network, which is one of the largest shadow fleet operators globally and a major trader of Russian crude oil.

Other measures include restrictions on the supply of technology and commodities used directly in the war with Ukraine, restrictions on Russian nuclear installations overseas that could generate future revenue, and restrictions on the Liquefied Natural Gas industry.

The updated UK Sanctions List can be found here: UK Sanctions List. 

A full list of additional Russian sanctions targets published on 24^th February 2026 is available here.

Foreign Secretary Yvette Cooper said: 

“Russia is now four years into what Putin believed would be a three-day invasion. As the Kremlin continues its barbaric assault against innocent civilians that have suffered their most brutal winter in a decade, the courage and determination of the Ukrainian people endures. 

The UK has today taken decisive action to disrupt the critical financing, military equipment and revenue streams that sustain Russia’s aggression, in our largest raft of measures since the early months of the invasion. 

Today I’m in Kyiv announcing £30 million in funding to strengthen Ukrainian energy resilience and support recovery, taking the total UK support to £21.8 billion since the start of the war. 

We will continue to stand with the people of Ukraine and defend European security - Ukraine’s security is our security.”

Full Press Release - https://www.gov.uk/government/news/uk-announces-biggest-sanctions-package-against-russia-four-yearson-from-full-scale-invasionof-ukraine