seeks to punish Vladimir Putin<\/a> for ordering an invasion of Ukraine.<\/p>\nThe new sanctions against Russia which UK PM Boris Johnson announced at the UK parliament include;<\/p>\n
\u2013 An intention to impose asset freeze on all major Russian banks, including immediately against VTB, the second largest bank with assets totalling \u00a3154 billion.<\/p>\n
\u2013 Legislation to be introduced and come into force on Tuesday to prohibit the ability of all major Russian companies to raise finance on the UK markets and to ban the Russian state from raising sovereign debt on the UK markets.<\/p>\n
\u2013 Individual sanctions against more than 100 individuals, entities and subsidiaries including Rostec, Russia\u2019s biggest defence company said to employ more than two million people with exports of more than \u00a310 billion of arms each year.<\/p>\n
\u2013 Sanctioning five extra Oligarchs thought to be particularly close to the Kremlin:<\/p>\n
\u2013 Kirill Shamalov, Russia\u2019s youngest billionaire formerly married to Mr Putin\u2019s daughter Katerina Tikhonova.<\/p>\n
\u2013 Pyotr Fradkov, the head of sanctioned Promsvyazbank, and son of former head of FSB.<\/p>\n
\u2013 Denis Bortnikov, the deputy president of VTB bank.<\/p>\n
\u2013 Yury Slyusar, the director of United Aircraft Corporation, one of major defence organisations which is also being sanctioned.<\/p>\n
\u2013 Elena Georgieva, the chair of the board of Novikombank, which bankrolls Rostec.<\/p>\n
Other considerations include;<\/p>\n
\u2013 Imminently banning Aeroflot aircraft from landing in the UK.<\/p>\n
\u2013 With immediate effect, suspend and prohibit all dual use export licences to Russia on items that could have citizen or military use, such as electrical components that could be used in military or civilian computers, or parts of trucks.<\/p>\n
\u2013 Within days introducing legislation prohibiting a wide range of high-tech exports to Russia and for the oil industry. This would entirely align with the approach from the US, including semiconductors and aircraft spare parts, such as Rolls Royce engines.<\/p>\n
\u2013 To introduce legislation that will limit the amount of deposits wealthy Russian nationals could hold in UK bank accounts. Officials are yet to define the limit, but it will target large amounts of cash and is part of a move to prevent Russians raising finance or keeping money in the City of London. It is part of a plan to end access of the Russian banking sector to British economy as far as possible.<\/p>\n
\u2013 Work with allies to limit Russian access to the Swift payment system, which will need be done in conjunction with G7 and Nato allies.<\/p>\n
\u2013 Extend the full range of sanctions against Russia to Belarus, given its cooperation with Moscow.<\/p>\n
\u2013 Bring forward measures intended for the Economic Crime Bill to before Easter.<\/p>\n
Addressing MPs in the Commons, Boris described Putin as a \u201cblood-stained aggressor who believes in imperial conquest\u201d for his invasion on Ukraine.<\/p>\n
He said;<\/p>\n
\u201cPutin will stand condemned in the eyes of the world and of history. He will never be able to cleanse the blood of Ukraine from his hands.<\/p>\n
\u201cAlthough the UK and our allies tried every avenue for diplomacy until the final hour, I am driven to conclude that Putin was always determined to attack his neighbour, no matter what we did.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
What can be described as the \u201clargest and most severe package of economic sanctions that Russia has ever seen\u201d\u00a0 has been served by Prime Minister of the United Kingdom, Boris Johnson on Russia. Boris gave the sanctions, as he seeks to punish Vladimir Putin for ordering an invasion of Ukraine. The new sanctions against Russia […]<\/p>\n","protected":false},"author":5,"featured_media":153809,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[126,2923,14029,183],"class_list":["post-153808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-announces","tag-russia","tag-sanctions","tag-uk"],"yoast_head":"\n
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