Starmer Announces Fresh Russia Sanctions and £210m Nuclear Aid for Ukraine at G7
The Lead
British Prime Minister Keir Starmer pledged to “choke off” Russian revenue with fresh sanctions and to provide a £210 million nuclear fuel package for Ukraine during the opening day of the G7 summit in Évian‑les‑Bains.
New Sanctions Targeting Russia’s Shadow Fleet and Finance Networks
At the summit Starmer announced measures that will:
- Expand the list of sanctioned vessels to over 600, focusing on the shadow fleet that transports oil and LNG.
- Hit Russian finance networks and a state‑linked technology procurement chain supporting the military.
- Target entities facilitating illicit money movements worldwide.
£210 million Nuclear Fuel Deal and Export‑Finance Boost
The UK will channel £210 million over the next two years to supply enriched uranium to Energoatom via the government‑owned Urenco. The agreement:
- Supports Ukraine’s nuclear plants through the winter months.
- Creates export opportunities, with a third of the uranium sourced from Urenco’s Chester plant.
- Is expected to be formalised before the NATO summit in Ankara on 7 July.
Strategic Implications for UK‑Ukraine Alliance and G7 Cohesion
The moves aim to reinforce the UK’s standing on the international stage after a turbulent week at home, while signalling continued commitment to Kyiv amid waning US engagement. They also address broader G7 agenda items such as the US‑Iran peace talks and the reopening of the Strait of Hormuz.
What the Next Steps May Hold for Sanctions and Defence Spending
Upcoming meetings include Starmer’s talks with Volodymyr Zelenskyy and Indian Prime Minister Narendra Modi. The defence investment plan is slated for release before the NATO summit, and further discussions with President Donald Trump on UK defence spending are anticipated, though no bilateral meeting is scheduled.