The new sanctions are aimed at “further isolating Russia from the international financial system” as Western leaders urge Vladimir Putin to stop his invasion of Ukraine.
Image: via REUTERS)
Western leaders have imposed new sanctions on Russia to put pressure on Vladimir Putin as they call on him to end the war in Ukraine.
It came as President Volodymyr Zelenskiy defiantly said that Ukrainian forces were pushing back Russian troops advancing into Kyiv.
The UK, US, Canada and the European Union have announced that selected Russian banks will be removed from the Swift global payment system.
In a joint statement, the leaders of these countries vowed to crack down on so-called golden passports that allow wealthy Russians with ties to Putin’s government “to become citizens of other countries.” our family and have access to our financial system.”
They also decided to impose restrictions that would prevent the Central Bank of Russia from deploying its international reserves to support the ruble and fund the war effort.
Wealthy Russians have been warned that their assets will be frozen if they breach sanctions aimed at “isolate Russia further from the international financial system”.
AFP via Getty Images)
Several Western countries have also pledged to send more weapons to Ukraine in the past 24 hours, but have refused to deploy any troops.
Russian forces have advanced to the outskirts of the capital Kyiv and the city is being hit by air strikes and artillery.
However, a US official told Reuters that Putin’s forces had encountered “very firm resistance” and that they were “not making the desired progress, especially in the north”.
The government said yesterday that 198 Ukrainians, including three children, had been killed in the conflict while more than 1,000 were injured.
It also claimed that about 3,500 Russian soldiers were killed or wounded. The Russians refuse to release any casualty numbers so far.
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Prime Minister Boris Johnson said the West was “forging closer economic ties” around Russia while Ukrainians were “fighting heroically” to defend their country.
Foreign Minister Liz Truss said the State Department was preparing a “hit list” of Russian oligarchs that would be the target of sanctions in the coming months and would have “no place to hide” for them. super-rich ally of Putin’s Kremlin.
In a joint statement, the Western leaders said: “We stand with the Ukrainian government and the Ukrainian people in their heroic efforts against Russian aggression.
“Russia’s war represents an attack on the basic international rules and norms that have prevailed since the Second World War, which we are committed to defending.
“We will hold Russia accountable and jointly ensure that this war is a strategic defeat for Putin.
“Last week, in addition to our diplomatic and collective efforts to secure our own borders and support the Ukrainian government and people in their fight, we and our allies and other partners around the world have imposed severe measures on key Russian institutions and banks, and the architects of this war, including Russian President Vladimir Putin.
As Russian forces launch attacks on Kyiv and other Ukrainian cities, we are determined to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economy.
“We will implement these measures in the coming days.”
https://www.mirror.co.uk/news/world-news/russia-hit-tough-new-sanctions-26339968 Russia delivers tough new sanctions as Ukrainians repel invaders in Kyiv - World News