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Reuters
Reuters
Business

Factbox-UK imposes new sanctions on Russian elites and businesses

FILE PHOTO: The logo of Russian state shipping company Sovcomflot is seen on the multifunctional icebreaking standby vessel "Yevgeny Primakov" moored in central St. Petersburg, Russia February 3, 2018. REUTERS/Anton Vaganov/File Photo

Britain on Thursday imposed new sanctions on Russian elites and businesses, targeting strategic industries including a defence company that makes drones, major shipping group Sovcomflot and top lender Gazprombank.

The government said the latest steps mean Britain has imposed sanctions on banks with total assets of 500 billion pounds ($658.65 billion) and oligarchs and family members with a net worth of more than 150 billion pounds.

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