European countries and the United States (US) in Britain have taken a tough stance after two provinces of eastern Ukraine recognize as separate countries by Russia.
Meanwhile, Britain on Tuesday banned five Russian banks and three billionaires. Prime Minister Boris Johnson called it the first step in response to Moscow’s actions in Ukraine. Banked banks include Rosia, IS Bank, General Bank, Promswazbank, and Black Sea Bank.
Addressing the British Parliament, Johnson said, “Britain and our allies will start imposing sanctions on Russia. We have made preparations. If Russia shows more aggression in the future, it will be “a long crisis.”
“But we must strengthen ourselves for a long crisis,” Johnson said, condemning Russia’s recent decision in the House of Commons.
Earlier, British Health Secretary Sajid Javid said in a statement that “you can conclude that the invasion of Ukraine has begun. Russian President Putin has decided to attack Ukraine’s sovereignty and its territorial integrity.” We will initiate sanctions as we said we would he said.
The UK has threatened to cut Russian companies access to the US dollar and British pound. He is barred from raising capital in London and Johnson is called a “Russian doll” of property and company ownership.
Britain has not yet said what will come under the sanctions but the Russian elite will have nowhere to hide. Johnson has said that Russian banks could be include in the target.