Vladimir Putin.
Photo: SCANPIX / EPA / LETA
1:55 PM, January 31, 2022
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Britain has warned Moscow that it will impose sanctions on Kremlin-affiliated companies and people in the event that Russia attacks Ukraine, the Secretary of the Ministry of Finance Simon Clark said on Monday.
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Russia has concentrated some 100,000 troops on Ukraine’s borders, raising concerns about a possible attack on a neighboring country.
Clark said London was very clear in its position that if Russia attacked Ukraine, London would tighten its sanctions regime against companies and individuals closely associated with the Kremlin.
The British government will introduce a new sanctions law this week that will spread the word about Russia’s economic goals in an attempt to deter Moscow from re-attacking Ukraine, British Foreign Secretary Lisa Trass said on Sunday.
The new law will expand the range of instruments available to crack down on “all companies interested in the Kremlin and the Russian regime,” a senior British diplomat said.
“Putin’s oligarchs will have nowhere to hide,” he said.
She also said that Europe’s allies must remain united in their efforts to deter Russia, but that “the protection of freedom and democracy” must take precedence over immediate financial issues.
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