UK adds sanctions to Russia’s largest bank, Sberbank

UK adds sanctions to Russia’s largest bank, Sberbank

This executive decision Boris Johnson It takes place after he stated on Monday that he would freeze the assets of all Russian banks “in the next few days” and ordered the closure of British ports to ships from that country.

Last week London had already put several Russian financial institutions on this list, to which on Monday it added the Russian central bank and the Russian Ministry of Finance.

Sberbank “will study the restrictions imposed by the United Kingdom as the documents are made public”, said the Russian public giant in a statement published by Russian news agencies. “These measures will not have a significant influence on Russian clients, private and corporate,” he added.

Deputy Prime Minister Dominic Raab claimed that Western sanctions, including freezing Russia’s central bank assets, will cause oligarchs to step up pressure on the president Vladimir Putin.

“That will starve Putin’s war machine of funds and it will also put pressure on many of the oligarchs who need access to the international system and who will put pressure on Putin,” he told BBC television.

The sanctions are not aimed at the Russian people, Raab said, after many banks saw long queues of people trying to withdraw their savings and convert them into foreign currency.

“But it is inevitable that the misfortune of Russia and Putin, their catastrophic decision, will be disastrous for the Russian people“, he added.

This “will show them the economic cost to them of being drawn into this unwarranted and unjustifiable war.”

Source: Ambito

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