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UK imposes sanctions on five Russian banks and a close Putin ally

Britain on Tuesday sanctioned five Russian banks and three high net worth individuals, including Gennady Timchenkoafter the president Vladimir Putin order the deployment of troops in two breakaway regions in eastern Ukraine.

This is the first stretch of what we are willing to do”, Prime Minister Boris Johnson told Parliament. “Any assets they have in the UK will be frozen and affected people will be banned from traveling here”.

Timchenko he is a close ally of Putin. The sanctioned banks are Rossiya, IS Bank, General Bank, Promsvyazbank and Black Sea Bank, Johnson said.

Now we must prepare for the possible next stages of Putin’s planJohnson told the Lower House of Parliament. “Putin is laying the pretext for a large-scale offensive”.

Britain has threatened to cut off Russian companies’ access to US dollars and sterling, preventing them from raising capital in London, and to expose what Johnson calls the “Russian doll” of property owners and companies.

Russia’s once mighty economy is now smaller than Italy’s, according to IMF data, with a nominal GDP of about $1.7 trillion.

A Reuters witness saw tanks and other military equipment advancing through the separatist-controlled city of Donetsk in eastern Ukraine after Putin formally recognized the rebel regions and ordered the deployment of Russian forces to the area to “hold peace”.

Since the fall of the Soviet Union in 1991, hundreds of billions of dollars have poured into London and the British Overseas Territories from Russia, and London has become the western city of choice for millionaires from Russia and other former republics. soviet

I think the tragedy of the current situation is that President Putin has surrounded himself with like-minded advisers telling him that Ukraine is not a country in its own right. And I think he’s going to realize that he’s miscalculated.Johnson told reporters before the announcement of the sanctions.

Source: Gestion

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