The British government is expected to introduce new legislation to expand the scope of sanctions London can apply to Russia in the event of a hypothetical war with Ukraine, according to UK Foreign Secretary Liz Truss.
“What the legislation enables us to do is hit a much wider variety of targets. So there can be nobody who thinks that they will be immune to those sanctions,” Truss said in an interview with Sky News.
The secretary has previously refused to rule out probable personal sanctions against Russia’s President Vladimir Putin if Russia were to invade Ukraine.
The US, along with several Western allies including Britain, has threatened to announce a wide range of new financial and economic sanctions against Moscow. The threats of crippling penalties have been voiced since November, when Washington raised the issue of Russia’s probable military assault in Ukraine for the first time. Since then, the speculation has been persistently fueled and spread by Western media outlets as well as by European officials.
“Any company of interest to the Kremlin and the regime in Russia would be able to be targeted so there will be nowhere to hide for Putin’s oligarchs, for Russian companies involved in propping up the Russian state,” Truss, who is expected to visit both Ukraine and Russia in the coming weeks, explained.
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