UK Targets 65 Russian Industries, Banks, Business Elites with New Sanctions
LONDON (AA) – Britain on Thursday announced fresh sanctions targeting Russia’s 65 strategic industries, banks, and business elites.
The sanctions target “those aiding Russia’s invasion of Ukraine including the Wagner Group, multiple defence companies and Russian Railways,” a government statement said.
The UK has now “sanctioned over 1,000 individuals and businesses under the Russia sanctions regime since the invasion.”
Today’s sanctions “will bring the total global asset value of the banks the UK has sanctioned since the invasion to £500bn ($658 billion) and the net worth of the oligarchs and family members in excess of £150bn ($197 billion),” Secretary Liz Truss said.
Truss said: “The government will continue to tighten the screw and use sanctions to degrade the Russian economy on a scale that the Kremlin, or any major economy, has never seen before.”
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