British PM sets out wide-ranging new measures against Moscow in wake of invasion of Ukraine
The UK will impose its “largest ever” set of economic sanctions on Russia, including pushing to end Russia’s use of the Swift international payment systems, freezing assets of all major Russian banks, limiting cash held by Russian nationals in UK banks and sanctioning more than 100 individuals and entities.
Boris Johnson has urged European leaders to agree that Russia’s use of the major payments system should be suspended, making the argument in a call with the German chancellor, Olaf Scholz, and in a meeting of G7 leaders. The move is likely to be resisted by EU countries.
