World News
UK Orders Asset Freeze For All Russian Banks
British Prime Minister Boris Johnson said he would aim to cut Russia off from the U.K.’s financial markets as he announced a new set of sanctions in response to President Vladimir Putin’s invasion of Ukraine.
The sanctions include freezing the assets of all major Russian banks, including VTB Bank, the nation’s second-biggest bank, Johnson said Thursday. Britain also plans to bar Russian companies and the Russian government from raising money on U.K. markets.
Britain will also ban the export of a wide range of high-tech products, including semiconductors, to Russia and bar the nation’s flagship airline, Aeroflot, from landing at U.K. airports.
The slate of sanctions comes days after Johnson was criticized for acting too cautiously in response to Russian aggression earlier this week.
Ukraine’s ambassador to the U.K., Vadym Prystaiko, earlier called on world leaders to ban trade in Russian oil and gas and block foreign investment in the country.