UK Prime Minister: "The Harshest Economic Sanctions Ever... Russia Expelled from Financial System"

[Image source=Yonhap News]

[Asia Economy New York=Special Correspondent Joselgina] British Prime Minister Boris Johnson announced on the 24th (local time) that the UK will impose the harshest and largest-scale economic sanctions seen so far in response to Russia's invasion of Ukraine.

According to the daily Guardian and others, Prime Minister Johnson announced economic sanctions during a speech in the UK House of Commons that completely exclude Russian banks from the British financial system.

Accordingly, major Russian banks will be expelled from the UK financial system. Assets of major banks, including the state-owned VTB, Russia's second-largest bank, will be frozen, and Russian banks' access to the pound sterling market will be blocked. A bill will also be submitted to limit the deposits of Russian nationals in UK banks. Additionally, the landing of Aeroflot, a Russian national airline, has been banned.

British Prime Minister Boris Johnson said, "Overall, we are imposing new asset freeze sanctions on more than 100 individuals and entities," adding, "This includes major manufacturers who supported President Putin's military supplies." It is expected that the UK will take similar measures against Belarus, which supported Russia, in the future.

On the same day, Johnson referred to Russian President Vladimir Putin as a "bloody invader who believes in imperial conquest," criticizing him by saying, "He has decided to attack his neighbors no matter what we do." He continued, "President Putin will face criticism from the world and history," and "The blood of Ukraine can never be washed from his hands."

This content was produced with the assistance of AI translation services.