UK Prime Minister Boris Johnson says a “first barrage” of economic sanctions against Russia will be announced later after it sent troops into eastern Ukraine.
It comes after President Vladimir Putin recognized the two breakaway regions in Donetsk and Luhansk as an independent.
The PM said Vladimir Putin has violated Ukrainian sovereignty and international law. The UK government will immediately institute a package of sanctions targeting Russian economic interests.
“It’s absolutely vital that the conquest of a European country should not succeed and that Putin should fail,” Johnson added.
He is expected to set out more detail in the UK Parliament at 12.30 GMT.
Russia has ordered troops into rebel-held Luhansk and Donetsk, two breakaway regions run by Moscow-backed separatists. Russia has said the troops would be “peacekeeping” in the regions – a claim dismissed by the United States as “nonsense”.
What sanctions could be enforced?. According to BBC news service,
- UK ministers say sanctions could target companies and individuals linked to the Russian government
- Boris Johnson also says the UK could limit Russian firms’ ability to raise capital on London’s markets
- He has suggested Western allies are looking at stopping Russian companies trading in pounds and dollars
- Other measures Western nations could impose include restricting exports to Russia, or excluding it from the Swift financial messaging service.
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