City
Epaper

Johnson says UK will 'squeeze Russia from the global economy,' announces new sanctions

By ANI | Updated: February 25, 2022 05:02 IST

UK Prime Minister Boris Johnson has announced on Thursday new sanctions against Russia over the military operation in Ukraine, saying the UK will aim to "squeeze Russia from the global economy."

Open in App

UK Prime Minister Boris Johnson has announced on Thursday new sanctions against Russia over the military operation in Ukraine, saying the UK will aim to "squeeze Russia from the global economy."

"We will continue on a remorseless mission to squeeze Russia from the global economy piece by piece, day by day and week by week," Johnson told the Parliament.

As part of the new sanctions package, the UK has imposed a full freeze on the assets of the VTB bank. The UK has powers to altogether exclude Russian banks from the UK financial system, Johnson noted. The United States is taking similar measures, he added.

Additionally, Russian state and private companies will be banned from raising funds in the UK. The amount of money Russian nationals will be able to deposit in the UK banks will be also limited.

Overall, the UK will be imposing asset freezes on more than a hundred of new entities and individuals, the prime minister said.

The UK is also banning Aeroflot carrier from making flights to and from the country.

On top of the financial measures, the UK in consort with the US and the EU will introduce new restrictions and "stringent" export controls, including a full ban on the export of all duel-use items to Russia. The restrictions will affect high-end technological products in such sectors as electronics, telecommunications and aerospace. (ANI/Sputnik)

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: VTB BankparliamentBoris JohnsonParliament `riksdagDe works communications
Open in App

Related Stories

Social ViralOstrich Attack Boris Johnson Video: Wild Bird Bites Former UK PM at Texas Park

National'Watershed Moment': PM Narendra Modi Louds Parliament for Passage of Waqf Amendment Bill

National'This was done intentionally, politically, to divide the country': West Bengal CM Mamata Banerjee On Waqf Amendment Bill

NationalWaqf Amendment Bill : CM Yogi Adityanath Backs Law, Accuses Board of Land Encroachment

NationalWaqf Amendment Bill: What Will Change If Bill Is Passed in Parliament?

International Realted Stories

InternationalNorth Korea confirms for first time its troops fought war with Russia against Ukraine

InternationalBlast at Iran's Shahid Rajaee Port kills 40; Ayatollah Khamenei calls for investigation

InternationalSeveral injured after Florida ferry collides with another boat, police say

InternationalUS conducted over 800 strikes against Houthis since March 15, claims 69% drop in missile launches

International11 dead in Vancouver car rampage, suspect charged with murder