By Anthony Marcus for Eurasia Business News, August 6, 2026. Article n°3051
Picture : View on the Big Ben and the House of Commons, London, United Kingdom. Photo credit : Swann Collins.
The United Kingdom has expanded its sanctions regime against Russia, targeting banks, industrial companies, a senior executive and six vessels accused of supporting Moscow’s war effort or helping transport Russian energy products. The new measures were published in the UK government’s updated Russia designations and sanctions notices on August 6.
The package includes six Russian financial institutions: Ozon Bank, Realist Bank, TelePort Bank, Bank Stavr, Commercial Bank Center-Invest and the State Specialised Russian Export-Import Bank, commonly known as Eximbank of Russia. The restrictions include asset freezes and limitations on financial services. UK institutions are prohibited from maintaining correspondent banking relationships with the designated banks or processing payments to, from or through their accounts.
London has also sanctioned several companies operating in sectors considered strategically important to Russia’s economy. Northern Engineering, also known as Severny Engineering, is described as a subsidiary of gas producer NOVATEK involved in ship construction. MetallKomplekt supplies raw materials to Russia’s metallurgical and chemical industries, while Nikom manufactures refractory metals.
Promsiz, a legal entity connected with the Gus-Khrustalny Glass Factory, and Technolux, a producer of forged products, were also added to the British sanctions list.
Alexander Zhdanov, general director of Siltron, was sanctioned individually. Siltron manufactures high-purity industrial gases, including nitrogen, argon, helium and hydrogen. The designation subjects Zhdanov to financial restrictions and other measures under the UK Russia sanctions regime.
The shipping component of the package focuses on six vessels: Arctic Express, Perseas, Torvian, Asteras, Visund and Zenturo. Arctic Express is an LNG carrier that the British government says has transported Russian-origin liquefied natural gas to a third country. The other five vessels are linked to the movement of Russian crude oil or petroleum products.
Frion Ship Management LLP was also designated. UK authorities suspect the company of facilitating the sale of Arctic Express to Russian ownership or control. The vessels face restrictions on entering British ports and may be denied technical, financial, operational, brokering and ship-management services.
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The measures form part of London’s continuing effort to disrupt Russia’s energy revenues, financial channels and access to industrial inputs. They also target the so-called shadow fleet, a network of vessels used to transport Russian oil and gas through complex ownership, flagging and insurance arrangements.
The British government said it has sanctioned more than 500 individuals, entities and ships under the Russia sanctions regime during 2026, bringing the total number of designated targets above 3,400. The latest package demonstrates that enforcement is increasingly focused not only on headline energy producers, but also on banks, logistics firms, ship managers and industrial suppliers that help sustain Russia’s wartime economy.
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© Copyright 2026 – Eurasia Business News. Article no. 3051
Eurasia Business News 