UK to impose sanctions on Russian banks and individuals

Britain will impose sanctions on five Russian banks and three “very high net worth individuals” following the deployment of troops to two Moscow-backed regions of Ukraine, Prime Minister Boris Johnson says.

“The UK and our allies will begin to impose the sanctions on Russia that we have already prepared using the new and unprecedented powers granted by this House to sanction Russian individuals and entities of strategic importance to the Kremlin,” Johnson tells parliament.

Britain’s Prime Minister Boris Johnson during a visit to Anglesey, North Wales, January 27, 2022. (Carl Recine/Pool Photo via AP)

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