7.1 C
London
Monday, November 28, 2022

Truss draws up ‘hit list’ of oligarchs to face sanctions over Ukraine

Must read

Shaun & Lea’s Big Decision in “Boys Don’t Cry!” WATCH

First of all, the story will contain extremely important discussions related to Shaun and Lea. Well, fans knew that the couple had been...

The death of Irene Cara, ‘Fame’ movie star and singer, evoked the loss of my youth

I was heartbroken to learn that Irene Cara, who starred in the 1980 movie "Fame," passed away over the weekend at age 63. ...

On affinity-driven fintechs, the future of BNPL and more • londonbusinessblog.com

An interview with the co-founders of VC firm Fiat Ventures and sister arm Fiat Growth Of all venture capital invested in 2021, about one in...

The Ignition Lane Wrap: Sunrise. Demise. No more pies.

Welcome to Ignition trajectory's Tech Wrap, where they cut through the noise to bring you their favorite insights from the tech and startup world....
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.
T

he Foreign Office is preparing a “hit list” of Russian oligarchs to be targeted by sanctions in the coming months, Liz Truss has said.

The Foreign Secretary said there would be “nowhere left to hide” for the super-rich allies of Vladimir Putin’s Kremlin.

The warning comes after Boris Johnson last week named eight high net worth Russians who will be hit by travel bans and asset freezes along with more the 100 individuals, entities and subsidiaries.

In an interview with The Sunday Times, Ms Truss said there would be new names added to the list every few weeks as ministers seek to ratchet up the pressure on Mr Putin following his invasion of Ukraine.

We have to make it deeply painful for the oligarchs that support the Putin regime

“We’ve already had letters to the Foreign Office, from lawyers, threatening us, so we have to make sure the cases are properly prepared and that we have the right evidence before we sanction these individuals,” she said.

“That is why we’re taking it step by step, but we are working through that hit list and we will continue to sanction new oligarchs every few weeks.

“We have to make it deeply painful for the oligarchs that support the Putin regime. There are over a hundred Russian billionaires.

“Nothing is off the table in terms of who or what we are targeting. We are very clear about that – we are very prepared to do what it takes.”

Ms Truss warned that the conflict in Ukraine was likely to be protracted with the Ukrainians determined to resist their Russian invaders.

“This will be long-running because the Ukrainians are fighting,” she said.

“We can see they’re very motivated, that they are determined to protect their sovereignty and their self-determination, so this will be a very long-running conflict.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Shaun & Lea’s Big Decision in “Boys Don’t Cry!” WATCH

First of all, the story will contain extremely important discussions related to Shaun and Lea. Well, fans knew that the couple had been...

The death of Irene Cara, ‘Fame’ movie star and singer, evoked the loss of my youth

I was heartbroken to learn that Irene Cara, who starred in the 1980 movie "Fame," passed away over the weekend at age 63. ...

On affinity-driven fintechs, the future of BNPL and more • londonbusinessblog.com

An interview with the co-founders of VC firm Fiat Ventures and sister arm Fiat Growth Of all venture capital invested in 2021, about one in...

The Ignition Lane Wrap: Sunrise. Demise. No more pies.

Welcome to Ignition trajectory's Tech Wrap, where they cut through the noise to bring you their favorite insights from the tech and startup world....

Chinese police are searching phones on Instagram, Twitter and Telegram as protests escalate

Police in China check people's phones for the presence of foreign apps, including Instagram, Twitter and the encrypted messaging app Telegram. reports from The...