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On May 26, 2026, the United Kingdom Foreign, Commonwealth & Development Office announced a new package of sanctions targeting cryptocurrency exchanges and illicit finance networks used by Russia to evade existing restrictions and fund its war in Ukraine. The sanctions package includes 18 designations directly targeting Russia's financial infrastructure and key individuals linked to the A7 network, a Kremlin-backed system designed to bypass Western sanctions and finance military procurement. The A7 network claimed to have moved more than $90 billion in the previous year, equivalent to roughly half of Russia's yearly military expenditure. The UK's action targets a Kyrgyz bank suspected of facilitating payments for the network and a major global cryptocurrency exchange believed to have channelled over $1.5 billion to the Kremlin. The package also targets three Georgian companies operating Russia-focused exchanges seeking to evade sanctions. These sanctions came into force immediately upon announcement. Foreign Secretary Yvette Cooper said the UK is "moving faster and further than ever before to clamp down on these routes and adapt its approach to stay ahead of Russian evasion tactics." The UK has now sanctioned over 3,300 individuals, businesses, and ships, with Russia's war economy losing over $450 billion due to international sanctions—equivalent to four years of funding for Putin's illegal war. The announcement reflects the UK's commitment to disrupting Russia's evolving financial evasion networks and supporting Ukraine for as long as necessary. The full list of Russia sanctions designations is available on the UK Sanctions List.