Foreign Secretary Says Britain Is Preparing Sanctions To Hit Banks, Energy Companies And “Oligarchs Close To The Kremlin”

The Independent: Russian oligarchs in London to be hit with tough sanctions even if it hurts UK economy, Liz Truss vows

Super-rich Russian oligarchs in London will be hit with tough new sanctions to deter Moscow from invading Ukraine, even if it hurts the UK economy, Liz Truss says.

The foreign secretary rejected claims that the power and wealth of Russians in so-called “Londongrad” will prevent the UK – and the West as a whole – punishing Vladimir Putin’s aggression.

Ms Truss said legislation for new sanctions is imminent, alongside the expected sending of 1,000 further British troops to Estonia and warships to the Black Sea.

She rejected a claim that the cost to the UK would be “dramatic”, saying: “The most important thing is defending freedom and democracy and that is more important than immediate financial issues.

Read more ....

Update #1: Liz Truss warns Vladimir Putin he faces Ukraine 'quagmire' like Afghanistan or Chechnya as she vows to bolster sanctions so there is 'nowhere to hide' for oligarchs 'propping up the Russian state' (Daily Mail)

Update #2: UK to bring in measures to allow for tougher sanctions on Russia, says Truss (The Guardian)

WNU Editor: Her threat that seizing assets is "not of the table" is what caught my eye. A senior Russian politician with ties to the Kremlin has responded .... Russia tells Britain what will happen if it sanctions 'oligarchs' (RT).

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