logo
From weapons and oil to financial institutions: UK hits Russia with 100 sanctions as Trump-Putin call yields no progress

From weapons and oil to financial institutions: UK hits Russia with 100 sanctions as Trump-Putin call yields no progress

Mint20-05-2025

The United Kingdom has announced a sweeping package of 100 new sanctions against Russia, just a day after a high-stakes phone call between US President Donald Trump and Russian President Vladimir Putin failed to produce a breakthrough on a ceasefire in Ukraine. With Moscow showing no signs of de-escalation, Britain and its European allies are ramping up economic pressure in a bid to curtail Russia
The latest measures include restrictions on the supply chain of Russia's military, particularly weapons systems such as the Iskander missile, which the UK says has been used indiscriminately against civilian areas in Ukraine.
The UK has also sanctioned 14 additional members of the Kremlin-linked Social Design Agency (SDA), a key player in Russian disinformation campaigns. Senior SDA figures had previously been targeted in an earlier sanctions round.
In a move to further cripple Russia's economic resilience, 46 financial institutions accused of helping Moscow evade previous sanctions have been added to the blacklist. The St Petersburg Currency Exchange and the Russian Deposit Insurance Agency are among those now subject to restrictions.
The UK also turned its attention to the so-called 'shadow fleet' — tankers used to bypass the G7-imposed $60 per barrel oil price cap. Eighteen more ships used to transport Russian oil covertly have been sanctioned in an effort to choke off one of the Kremlin's key revenue streams.
With Washington yet to act, European leaders pressed ahead. 'We have repeatedly made it clear that we expect one thing from Russia — an immediate ceasefire without preconditions,' said German Foreign Minister Johann Wadephul in Brussels.
As Russia rejected that demand, Wadephul warned: 'We will have to react. We also expect our U.S. allies not to tolerate this.'
European Commission President Ursula von der Leyen confirmed a further sanctions package is in the works. 'It's time to intensify the pressure on Russia to bring about the ceasefire,' she posted on X.
The lack of immediate US sanctions following the Trump-Putin call has irritated European allies. France's Foreign Minister Jean-Noël Barrot declared: 'Let us push Vladimir Putin to put an end to his imperialist fantasy.'
Trump, who has repeatedly promised to end the war in 24 hours if reelected, portrayed his two-hour call with Putin as progress, saying Russia and Ukraine are ready to negotiate. But officials in Kyiv and Brussels disagree.
This new sanctions package is part of a broader effort by the UK and its allies to increase the cost of Russia's invasion of Ukraine, now in its third year. The move comes as European nations push for stronger international unity on the issue, amid frustration over the limited response so far from the United States.
'We urge [Putin] to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace,' Britain's Foreign Minister David Lammy said, while calling the Russian leader a 'warmonger.'
Russia, for its part, rejected the new wave of pressure. 'Russia will never bow to ultimatums,' Foreign Ministry spokeswoman Maria Zakharova said, reiterating that Moscow is willing to continue talks based on its own terms.
Russia has stated that the 'ball is in Kyiv's court,' but Ukraine President Volodymyr Zelensky and European leaders remain wary, accusing Moscow of using diplomacy to delay while continuing its attacks.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

X factor: The rise and fall of Elon Musk as a political figure
X factor: The rise and fall of Elon Musk as a political figure

Mint

time23 minutes ago

  • Mint

X factor: The rise and fall of Elon Musk as a political figure

Elon Musk has officially resigned from the US Department of Government Efficiency (DOGE). Although his role was only temporary and departure was not surprising, it follows his criticism of President Donald Trump's tax bill. The 'Big Beautiful Bill' would not improve America's finances, he said, and will undermine his efforts to cut back on unnecessary government spending. Was there a clear divide between Trump and Musk? Only seven months ago, at his victory speech on 6 November, Trump spent four minutes praising Musk. 'A star is born—Elon!" said Trump. Musk had invested nearly a quarter of a billion dollars in Trump's campaign, which could explain his influence on the Trump administration. It was possibly the most astute investment Musk ever made. He oversaw Trump's DOGE and also shaped a far-right discourse both domestically and internationally. Also Read: Electric debacle: Tesla's troubles started before Musk wore the MAGA cap Musk attempted to involve himself in several European political issues—in Germany and the UK especially. In February, Time magazine portrayed Musk as 'President Musk." Its cover illustration showed him seated at the Resolute Desk in the White House. However, it is evident that Musk has now drifted to the margins of Trump's world. 'Elon is from South Africa—I don't want to get Elon involved," Trump told his South African counterpart, Cyril Ramaphosa, during a discussion at the White House recently. On 19 May, an analysis titled 'Why has Elon Musk vanished from the spotlight?' was published by Politico, which noted that Trump was posting messages about Musk on his Truth Social platform at an average of four times a week in February and March, but stopped doing so in April. Musk was included in nearly daily fund-raising emails sent by Trump's campaign team. However, save for a single email in May, this abruptly stopped in early March. Trump's top advisors and official White House accounts also stopped posting photos and content mentioning Musk. Musk, whose business empire includes Tesla, SpaceX and X, seemed to have got the drift. Amid mounting investor worries, he announced a major reduction in political spending. This was a public indication of the billionaire turning his focus back to his businesses. Also Read: Tesla's slump: When social intelligence clashes with artificial intelligence The main source of Musk's fortune, Tesla, has lost sales globally and suffered severe brand damage as a result of his political activities. His expressions of support for the far-right anti-immigration AfD party in Germany, for example, were noted across Europe. Tesla's sales in Europe dropped 49% in April, indicating a backlash against him. Towards the end of that month, Tesla reported a 71% dip in profits. In a call with Tesla investors, Musk said that he would begin stepping back from his position at DOGE in May. In the US and abroad, Tesla dealerships have been the target of protests and vandalism. Musk's move to impose harsh employment and spending cuts within the federal government on behalf of the Trump administration was dubbed 'one of the greatest brand destructions" ever by Scott Galloway, professor of marketing at New York University's Stern School of Business. According to some surveys, most respondents disapproved of the way Musk and DOGE have handled federal government employees and slashed jobs. About 60% of respondents in a nationwide study conducted by Marquette University Law School last month had a negative opinion of Musk, while 38% had a positive opinion. The study found approval of Musk's DOGE handling at 41% and disapproval at 58%. Also Read: The US should stay away from gimmicks and tackle its real fiscal problem Musk may have recently met his political Waterloo in Wisconsin, where he contributed at least $3 million to making the Wisconsin Supreme Court campaign the most costly in US history. He even personally appeared in Green Bay sporting a cheese-head cap, a favourite among supporters of the Green Bay Packers, an American football team. But the Republican candidate he backed lost by a 10% margin. The Democrats mobilized people by calling it a 'People versus Musk' contest to highlight his intervention. Frankly, Musk's accountability has been non-existent, his loyalties seem inconsistent and his political intentions unclear. Trump might be well aware of this. Musk stood for six hours to shake hands with Democrat Barack Obama during his 2008 presidential campaign. In 2014, Musk described himself as 'somewhere in the middle, fiscally conservative and socially liberal." He even advocated that Trump 'hang up his hat and sail into sunset" in 2022, arguing that he was too old to seek re-election. But then he started to tilt Republican. Also Read: A trade arrangement that leaves out the US could trump Trump's tariffs Thus, it was perhaps inevitable that Trump would grow weary of Musk. Since the president is accustomed to generating all his popularity himself, it would be easy for him to assume he needs nobody's help on that count. Then there is also the matter of Musk's unpopularity, which Trump may not want rubbing off on his own standing. However, Musk will still hold billions of dollars once Trump's term is over, not to mention the power of his social media platform. In the political sphere, his legacy may be a handy list of what the ultra-rich should do and not do. Or maybe he has left America's business class a model that no one else would dare imitate. The author is professor of statistics at Indian Statistical Institute, Kolkata.

Spider Web: Ukraine strikes multiple air bases in Russia
Spider Web: Ukraine strikes multiple air bases in Russia

The Hindu

time24 minutes ago

  • The Hindu

Spider Web: Ukraine strikes multiple air bases in Russia

A Ukrainian drone attack has destroyed more than 40 Russian planes deep in Russia's territory, a Ukrainian security official said on Sunday, while Russia pounded Ukraine with missiles and drones a day before the two sides meet for a new round of direct talks in Istanbul. The official, who spoke on condition of anonymity to disclose operational details, said the attack took over one-and-a-half-years to execute and was personally supervised by Ukrainian President Volodymyr Zelenskyy. The operation saw drones transported in containers carried by trucks deep into Russian territory, he said. The drones reportedly hit 41 bombers stationed at several airfields on Sunday afternoon, including the Belaya air base in Russia's Irkutsk region, more than 4,000 kilometers (2,500 miles) from Ukraine. Spider Web: Ukraine strikes multiple air bases in Russia It is the first time that a Ukrainian drone has been seen in the region, local Gov. Igor Kobzev said. He also said in a statement that the drone had been launched from a truck. Russian officials in the Ryazan and Murmansk regions also reported drone activity on Sunday afternoon, but did not give further details. The attack came the same day as Zelenskyy said Ukraine will send a delegation to Istanbul for a new round of direct peace talks with Russia on Monday. In a statement on Telegram, Zelenskyy said that Defense Minister Rustem Umerov will lead the Ukrainian delegation. 'We are doing everything to protect our independence, our state and our people,' Zelenskyy said. Ukrainian officials had previously called on the Kremlin to provide a promised memorandum setting out its position on ending the war before the meeting takes place. Moscow had said it would share its memorandum during the talks. Russia on Sunday launched the biggest number of drones — 472 — on Ukraine since the full-scale invasion in February 2022, Ukraine's air force said. Russian forces also launched seven missiles alongside the barrage of drones, said Yuriy Ignat, head of communications for the air force. Earlier Sunday, Ukraine's army said at least 12 Ukrainian service members were killed and more than 60 were injured in a Russian missile strike on an army training unit. The strike occurred at 12:50 p.m., the statement said, emphasizing that no formations or mass gatherings of personnel were being held at the time. Ukrainian army commander Mykhailo Drapatyi later Sunday submitted his resignation following the attack. He was a respected commander whose leadership saw Ukraine regain land on the eastern front for the first time since Kyiv's 2022 counteroffensive. The training unit was located to the rear of the 1,000-kilometer (620-mile) active front line, where Russian reconnaissance and strike drones are able to strike. Ukraine's forces lack troops and take extra precautions to avoid mass gatherings as the skies across the front line are saturated with Russian drones looking for targets. Russia's Ministry of Defense said Sunday that it had taken control of the village of Oleksiivka in Ukraine's northern Sumy region. Ukrainian authorities in Sumy ordered mandatory evacuations in 11 more settlements Saturday as Russian forces make steady gains in the area. Speaking Saturday, Ukraine's top army chief, Oleksandr Syrskyi, said that Russian forces were focusing their main offensive efforts on Pokrovsk, Toretsk and Lyman in the Donetsk region, as well as the Sumy border area. ___ Follow AP's coverage of the war in Ukraine at

UK to build more submarines, boost warhead spend in message to Moscow
UK to build more submarines, boost warhead spend in message to Moscow

Business Standard

time26 minutes ago

  • Business Standard

UK to build more submarines, boost warhead spend in message to Moscow

By Tom Rees and Ellen Milligan UK intends to send a 'message to Moscow' with plans to expand its fleet of attack submarines and invest in its nuclear deterrent as part of a new defence strategy to head off the threat posed by Russia. Prime Minister Keir Starmer's government will on Monday reveal plans to spend £15 billion ($20 billion) on its warhead programme and build up to 12 new submarines as part of the AUKUS programme it operates alongside the US and Australia, to bolster Britain's 'warfighting readiness,' the Ministry of Defence said on Sunday. Defense Secretary John Healey told the BBC that Monday's strategic defence review — which will spell out the threats facing Britain and outline recommendations to tackle them — will send a 'message to Moscow' by strengthening the UK's military and defense industry's capabilities. 'We know that threats are increasing and we must act decisively to face down Russian aggression,' Healey said in a statement. 'With new state-of-the-art submarines patrolling international waters and our own nuclear warhead programme on British shores, we are making Britain secure at home and strong abroad.' The UK will also build six new munitions factories to create an 'always on' industrial production, buy up to 7,000 long-range missiles and invest in its cybersecurity and stockpiles of support equipment. Healey told Sky News that new factories will be built 'very soon.' 'This is Britain standing behind, making our armed forces stronger but making our industrial base stronger, and this is part of our readiness to fight, if required,' he told the BBC separately on Sunday. However, he said a target to spend 3 per cent of gross domestic product on defence after the next election remains an 'ambition' and that he doesn't expect to make progress toward raising the number of soldiers in the British army until the next parliament. Opposition parties, including the Conservatives and Liberal Democrats, said the government needs to reach the spending target sooner than 2034. Monday's review comes after a period of underinvestment in the country's defence industry that has seen the size of the UK army shrink to its smallest since the Napoleonic era. An end to the so-called 'peace dividend' will put more pressure on the country's stretched public finances, with Chancellor of the Exchequer Rachel Reeves set to unveil departments' budget settlements at the multi-year spending review on June 11. Higher military spending comes at a time of multiple demands on the public purse, from healthcare to prisons. 'All of Labour's Strategic Defence Review promises will be taken with a pinch of salt unless they can show there will actually be enough money to pay for them,' the Conservative Party's Shadow Defence Secretary James Cartlidge said in a statement. The Sunday Times reported that the Labour government wants to buy American-made fighter jets capable of carrying tactical nuclear weapons. The review will also recommend new defensive shields to protect the country from enemy missiles as well as reestablishing a civilian home guard, according to the report. The shift in Britain's war footing comes as US President Donald Trump presses Nato members to increase their military spending. Just weeks after Trump took office in January, Starmer announced a commitment to boost defense spending to 2.5 per cent of GDP by 2027 from 2.3 per cent currently. Moscow launched one of its longest drone and missile attacks against Kyiv this weekend, while Ukrainian drones hit several strategic airfields in Russia, escalating tensions ahead of crucial talks in Istanbul on Monday aimed at securing a ceasefire in the years-long conflict.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store