The UK to impose sanctions on Russian Banks – PM Boris

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The UK will impose sanctions on Russian Banks – says Prime Minister Boris Johnson in Parliament.

It seems the UK will be the first nation to call for sanctions directly targeting Moscow after Russian President Vladimir Putin’s first visible action against Ukraine. Putin recognized two pro-Russian regions of Eastern Ukraine as independent republics and he ordered the Russian military to enter those regions and he justified that military deployment as a peacekeeping mission.

Great Britain to impose sanctions on five Russian banks and three billionaires, in what Prime Minister Boris Johnson called “the first barrage” of measures in his speech at the house.

Under these sanctions, five banks are included. Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank and three people sanctioned will see any UK assets frozen.

The individuals concerned “Gennady Timchenko, Boris Rotenberg and Igor Rotenberg” will be banned from travelling to Britain and all UK individuals and entities will be banned from dealing with them and the banks.

In the house of commons, the Prime Minister said, “We cannot tell what will happen in the days ahead,” amid cross-party condemnation of Moscow’s action.

Westminister House of Parliament. Copyright Free Image by Uncoated via Pexels (CC0)

Just after Putin’s speech, United States President Joe Biden issued his executive order to prohibit new investment, trade, and financing by US persons to, from, or in the so-called DNR and LNR regions of Eastern Ukraine which is newly recognized as republics by Russian President Putin.

But these US sanctions are not affecting Russia directly. However, the media reports clarify that more sanctions are scheduled to issue today, Tuesday (22/02/2022) by the White House and they refuse to specify details yesterday.

Sources: NDTV & Other Agencies

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