The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors.

Britain sanctioned on Wednesday a network of companies based in the United Arab Emirates (UAE) that it accuses of being responsible for channeling more than $300 million in gold revenues to Russia, helping to bolster its economic might and support its war against Ukraine.

Read more: al-monitor.com

Photo: al-monitor.com