London, Nov. 13 -- The United Kingdom will ban British shipping firms and insurers from facilitating the export of Russian liquefied natural gas (LNG) as part of new sanctions to choke Moscow's fossil fuel revenues, Politico reported.

According to the Politico report, UK Foreign Secretary Yvette Cooper announced the measures on Tuesday (local time) during a meeting of G7 foreign ministers in Niagara, Canada.

The UK had already banned the import of Russian LNG in 2023.

However, Politico's report added that British firms have continued to provide maritime and insurance services for tankers carrying Russian LNG nearly four years after Russian President Vladimir Putin invaded Ukraine.

The new ban will be phased in during 2026 and is part ...