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UK imposes sweeping new sanctions to starve Putin's war machine

Sanctions target oligarchs, key strategic industries, Sberbank, imports of coal and oil, exports of key oil refining equipment and catalysts.

UK imposes sweeping new sanctions to starve Putin's war machine

Britain has coordinated with the United States on the new sanctions against russia. The UK will impose asset freezes on Sberbank and Credit Bank of Moscow, writes The Guardian.

By the end of 2022, the UK would end all dependency on russian coal and oil, the sanctions announcement said Bloomberg

"Together with our allies, we are showing the russian elite that they cannot wash their hands of the atrocities committed on Putin’s orders. We will not rest until Ukraine prevails", - the Foreign Secretary Liz Truss said.

Andrii Yermak, the Head of the Office of the President of Ukraine, also wrote in the Telegram channel that eight russian businessmen were under sanctions.

"Key sanctions announced today include an end to all new UK outward investment into russia, end of exports of key oil refining equipment to russia and a ban on imports of iron and steel products", - Yermak said.

Today, the United States included Putin's adult daughters in a new round of russia sanctions. russian Foreign Minister Sergey Lavrov's wife and daughter were also sanctioned. Also in a new round of sanctions, the United States has banned all new American investments in russia.

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