UK Russian Sanctions Regime And BVI Contentious Proceedings: A Series

Since Russia's military incursion in Ukraine began on 24 February 2022, the UK has introduced an extensive package of economic sanctions against Russia. By the end of August 2022, over 1,270 persons had been designated and by the end of October 2022, approximately £18 billion of Russian assets had been reported as frozen.

The sanctions regime is intended to encourage Russia to cease actions destabilising, undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, predominately by imposing financial penalties. The primary objective of the sanctions is to "coerce" Russia, or individuals within/connected to Russia, into"changing their behaviour by increasing the cost on them to such an extent that they decide to cease the offending behaviour".