The UK has introduced new legislation allowing it to maintain sanctions against Russia until it pays compensation to Ukraine.
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A law will also soon be passed requiring those holding assets in the UK on behalf of the Russian Central Bank, the Russian Ministry of Finance and the Russian Sovereign Wealth Fund to disclose them to the UK Treasury.
This was reported by Reuters on June 19, citing Foreign Minister James Cleverley.
The country’s government today adopted a relevant law allowing continued restrictions by amending the goals of anti-Russian sanctions.
By this we confirm that the UK is ready to use sanctions to make Russia pay for the reconstruction of the country that it has so recklessly attacked,” Cleverley said.
Since February 24, 2022, Britain has frozen over £18bn ($23bn) of Russian assets and imposed sanctions on over 1,550 Russians.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.