Event
Foreign policy
UK doubles fines for circumventing sanctions against Russia
4 sourcesPublished · Updated
The UK announced it has doubled fines for violations of sanctions against Russia. The maximum fine can now reach 100% of the transaction value. UK Finance Minister John Glen emphasized that this decision is part of efforts to increase economic pressure on Russia.
Key facts
- Fines for circumventing sanctions doubled
- Maximum fine now 100% of transaction value
- Announced on September 1, 2026
- Statement made during G20 summit
- Kremlin's financial network conducted operations worth over $86 billion
United Kingdom · Russia · John Glen · G20
Sources4
Compare newsrooms
Reports from one newsroom's different channels are grouped together. Different newsrooms can share owners; their count does not establish independent corroboration. How we identify sources and blocs
- State
УкрінформEarliest tracked report
Discussion
Comments