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UK imposes further economic sanctions against Russia

News Team, 25/02/2022

UK Prime Minister Boris Johnson has confirmed a wide range of sanctions intended to cripple the Russian financial system in retaliation for the country's full invasion of Ukraine.

The assets of all major Russian banks in the UK will be frozen, including VTB, the country’s second largest bank with assets totalling £154 billion.

Individual sanctions will be imposed on over 120 individuals, entities and subsidiaries, including Rostec, the country’s bigg...


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