On 24 February 2026, marking the fourth anniversary of Russia’s full-scale invasion of Ukraine, international partners announced a major new package of sanctions against Russia.
The United Kingdom introduced up to 300 new measures, focusing on Russia’s energy revenues and key suppliers to the defense sector. The sanctions target:
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PJSC Transneft, which transports over 80% of Russian oil exports;
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175 companies in the 2Rivers network, one of the world’s largest shadow fleet operators;
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48 vessels of the shadow fleet;
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49 individuals and entities supporting Russia’s defense industry, including international suppliers of drone components and technologies;
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three civil nuclear energy companies and two individuals attempting to secure contracts for constructing Russian nuclear facilities abroad;
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six entities involved in Russian LNG exports, including vessels, traders, and terminals;
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nine Russian banks that process cross-border payments.
UK officials described this sanctions package as the largest since the early months of the full-scale invasion.
Canada imposed sanctions on 21 individuals, 53 companies, and 100 shadow fleet tankers. The country also lowered its price cap on Russian crude oil from $47.60 to $44.10 per barrel. The measures primarily target Russia’s energy and financial sectors, including cryptocurrency infrastructure, as well as Russia’s military capabilities in artificial intelligence and drone production.
Australia also lowered the price cap on Russian oil to $44.10 per barrel. The sanctions cover 180 individuals, companies, and shadow fleet vessels, targeting Russia’s financial and energy sectors, defense industry, and science and technology fields. For the first time, cryptocurrency companies used to bypass sanctions on international markets were included.