Economy

UK announces sanctions on Russia’s biggest bank, Sberbank

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The British government announced on Tuesday that it had added Russia’s largest bank, Sberbank, to the list of Russian entities targeted by sanctions in the United Kingdom, in response to the invasion of Ukraine and warned that the consequences would be increasingly serious. for the Kremlin.

The decision by Prime Minister Boris Johnson’s government was announced after the Executive declared on Monday (28) that it would freeze the assets of all Russian banks “in the coming days” and have ordered the closure of British ports to the country’s ships. .

Last week London had already placed several financial institutions on the list, which on Monday had the Russian Central Bank and the Ministry of Finance added.

Sberbank “will study the restrictions imposed by the UK following the publication of the documents,” the Russian public giant said in a statement carried by Russian news agencies. “These measures will not have a significant influence on Russian customers, private and corporate,” he added.

Deputy Prime Minister Dominic Raab said Western sanctions, including a freeze on the assets of Russia’s central bank, will cause oligarchs to increase pressure on President Vladimir Putin.

EuropeKievNATORussiasheetUkraineVladimir PutinWar in Ukraine

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