UK steps up pressure on Russian sanctions evasion network, doubles penalties for breaches

​Britain ​on Monday ‌ramped up ​pressure on shadow financial ‌systems underpinning Russia's war economy, doubling penalties for ‌sanctions breaches to 100%, ‌the UK Treasury said.

The UK National Crime ⁠Agency ​also ⁠issued a nationwide alert targeting ⁠the Kremlin-backed A7 network, ​which the government has said ⁠had been used ⁠to ​route funds, finance procurement and exploit ⁠foreign banking systems to ⁠evade ⁠restrictions.