immediate freeze of assets in all major Russian banks

UK Prime Minister Boris Johnson announced a series of new sanctions against Russia in the UK parliament:

  • The UK imposes an asset freeze against all major Russian banks, including an immediate asset freeze against VTB.
  • The UK will introduce legislation to prohibit the Russian state from increasing sovereign debt.
  • UK on Tuesday to introduce legislation banning all major Russian companies from obtaining financing from UK markets.
  • The UK will introduce legislation to limit the deposits that Russian citizens can hold in UK bank accounts.
  • The UK will seek to extend the full range of sanctions against Belarus.
  • The United Kingdom will sanction more than 100 people, entities and subsidiaries.
  • The UK will ban Aeroflot planes from landing in the UK.
  • The UK will immediately suspend or ban all dual-use export licenses to Russia.
  • The UK will introduce legislation to ban a wide range of high-tech exports to Russia, as well as exports to the extractive industry.

At SWIFT, Johnson said nothing is off the table.

Source: Fx Street

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