Britain: We will not rest until the Russian economy is destroyed

British Foreign Secretary Liz Truss said London will not rest until it destroys the Russian economy.

"We will not rest until the Russian economy is destroyed and the sovereignty and territorial integrity of Ukraine is restored," the Terrace said in a statement.

She noted that the sanctions would have immediate consequences for "the wealthy elite and the inner circle" of Russian President Vladimir Putin.

Earlier today, British Prime Minister Boris Johnson announced a package of sanctions that his country and its allies intend to impose on Russia, against the backdrop of the latter's military actions towards Ukraine.

Regarding these sanctions, Johnson said: “We will exclude Russian banks from the British financial system and prevent the Russians from accessing the pound sterling.” Johnson also did not rule out separating Russia from the global financial transfer system “SWIFT.”

"At the G7 meeting, we agreed to maximize the cost to Russia and end European dependence on Russian gas... and we will freeze the assets of more than 100 new Russian individuals and entities in addition to the previously announced 100," he added.

"Britain will place limits on the amount of deposit that Russian citizens can keep in their UK bank accounts," he said.

"We will prevent the Russian airline, Aeroflot, from reaching Britain, in addition to imposing restrictions on trade with Moscow and an export ban, and we will pass legislation to ban the export of dual-use items to Russia, including technological equipment and electronic chips, and we will present that legislation next week," he added.

The Rostec technology company was among the Russian entities that Johnson decided to subject to sanctions.

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