The U.K.’s sanctions office has imposed its largest penalty for circumventing Russian sanctions since the war in Ukraine began in 2022. It fined a U.K. subsidiary of Sabre Corp Global over £1 million ($1.3 million) for making funds and economic resources available to Russian transport company Ural Airlines.

Ruth Prickett graduated from Cambridge University with a BA hons in History and has specialized in business and finance journalism for the past 20 years. She was editor of Financial Management, the magazine...