00:00This morning I'm announcing the biggest sanctions package of the Russian shadow fleet
00:09and it underlines the UK commitment to Ukraine.
00:13We are supporting them by £3 billion a year, every year, for as long as it lasts,
00:20to support them militarily and of course with both economic and humanitarian aid
00:25we continue to support Ukraine.
00:28It's hugely important at this G7 that all colleagues across the G7
00:33continue to stand with Ukraine for as long as it lasts
00:38and we are confident that Ukraine can have the funds
00:42and the military equipment and kit to get through 2025.
00:47Our assessment is that Putin shows no signs at all of wanting a negotiation.
00:54We have to ensure that Ukrainians are equipped for the fight.
00:59We are shadowing 30 Russian vessels.
01:04We are determined to ensure that both the ships,
01:09the enablers of those ships thwarting European and UK sanctions are hurt at this time
01:21and that we ensure that the attempts to circumvent the sanctions that we put in place previously
01:32and of course to avoid Russia using its oil revenues to continue to fund its war,
01:41that we bear down on those issues.
01:43So I'm very pleased that at this G7 I'm announcing the biggest sanctions package
01:49against Russia's shadow fleet.
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