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UK says legal threats won’t stop us sanctioning Russian oligarchs

Foreign Secretary Liz Truss absolutely determined to sanction Russian oligarchs. — Reuters pic

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VILNIUS, March 3 — Britain said today that legal threats would not prevent it sanctioning Russian oligarchs, adding that London had a further list of businessmen who could be designated after Russia invaded Ukraine.

“Legal threats will have no impact on our ability to sanction oligarchs,” Foreign Secretary Liz Truss told Reuters while on a visit to Lithuania. “There is nowhere for any of [President Vladimir] Putin’s cronies to hide.”

“We are absolutely determined to sanction Russian oligarchs,” Truss said. “We have a further list we are working through.”

“We have put in place the toughest package of sanctions in the British history including bank freezes, freezes on central bank and export controls, and we will do more,” Truss said.

Truss said a Group of Seven meeting of finance ministers tomorrow would discuss further sanctions on Russia. — Reuters

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