Putin is a 'bloodstained aggressor,' said UK PM Boris Johnson as he unveiled new sanctions on Russia. The UK Prime Minister told the House of Commons they were "the largest and most severe package of economic sanctions that Russia has ever seen".
- All major Russian banks will have their assets frozen and will be excluded from the UK financial system.
- A full and immediate freeze of VTB bank
- Legislation will stop major Russian companies and the state from raising finance or borrowing money on UK markets
- Asset freezes will be put on 100 new individuals or entities
- Russian Airline Aeroflot will be banned from landing in the UK
- Within days the UK will stop exports of high-tech items and oil refinery equipment
- There will be a limit on deposits Russians can make in UK bank accounts
Johnson said there is potential to cut Russia out from the Swift international payment system and "nothing is off the table"
Similar financial sanctions will be extended to Belarus for its role in the assault on Ukraine.