Explorer

UK To Impose Sanctions On 5 Russian Banks Following Moscow Troop Deployment, Says PM Johnson

PM Johnson on Russian Banks: According to the UK Prime Minister Boris Johnson's statement, sanctions are being imposed on five Russian banks, and three high net-worth individuals.

New Delhi: Amid the ongoing conflict between Ukraine and Russia, the UK has slapped targeted economic sanctions against five Russian banks and three wealthy individuals.

While addressing the lawmakers in the House of Commons, Prime Minister Boris Johnson said the first tranche would target Rossiya bank, IS bank, General bank, Promsvyazbank and Black Sea bank.

The three “high net worth” individuals: Gennady Timchenko, Boris Rotenberg, and Igor Rotenberg will also be sanctioned and will be barred from visiting the country, said Johnson.

"The UK and our allies will begin to impose the sanctions on Russia that we have already prepared... to sanction Russian individuals and entities of strategic importance to the Kremlin," UK PM told MPs.

"This is the first tranche, the first barrage, of what we are prepared to do, and we hold further sanctions at readiness to be deployed, alongside the United States and the European Union," he added.

ALSO READ: Journalist Philip Crowther Reports On Russia-Ukraine Crisis In 6 Languages, Video Goes Viral

Meanwhile, European Union also proposed sanctions targeting Russian banks, access to markets, senior EU officials said on Tuesday.

Reacting to Russia's conventional acknowledgment of two breakaway regions in eastern Ukraine, the EU said it was responding“with robustness and speed to the illegal actions of Russia in close coordination with international partners.”

Russian President Vladimir Putin's declaration on Monday, trailed by his marking a pronouncement on the deployment of Russian soldiers to Donetsk and Luhansk, is "illicit and unacceptable," European Council President Charles Michel and European Commission President Ursula von der Leyen said in an articulation.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Advertisement
for smartphones
and tablets

Videos

Elvish Yadav's reaction on Munawar Faruqui's arrest, Watch Video | HOT NewsNawazuddin Siddiqui And Aliya Fixes Relationship Disbalance For Kids Upbringing | Khabar Filmy HaiRamayana: Sakshi Tanwar dismisses speculations of being a part of the movie, Watch videoWill there be a date clash between Bigg Boss 18 and Lock Up Season 2? | HOT News

Photogallery

Embed widget