Britain will be able to move faster in imposing sanctions on Russian businessmen as a result of new measures that will be sent to parliament next week, Prime Minister Boris Johnson said, Reuters reported.
Asked by foreign correspondents in London why no sanctions were imposed on Roman Abramovich, Britain’s most prominent Russian businessman over his ownership of the Chelsea football team, Johnson said the government should be careful.
“None of us wants to live in a country where the state can take your home without a very high burden of proof and without due process,” Italian La Repubblica and other newspapers said in an interview on Friday.
“It does not make sense to say yes, we will chase him, and then hit the wall of lawyers. So we have to do it right. We also try not to make it concern only one person,” Johnson added.
Britain has been criticized for not moving as quickly with sanctions against individuals such as the European Union, the United States and Canada.
Johnson said changes to Britain’s financial crime legislation due to be introduced in parliament on Monday would help the government act more swiftly.
“The most important thing our package will do on Monday is that measures against individual oligarchs in Europe will actually allow us to catch them,” he said.
Britain imposed sanctions on two more Russians on Thursday – industrialist Alisher Usmanov and former Deputy Prime Minister Igor Shuvalov.
Abramovich said on Wednesday he would sell the Chelsea football team and promised to donate the money from the sale to help the victims of the war in Ukraine.
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.