Britain suggests $350 billion of Vladimir Putin’s war chest’ frozen | Planet News

“So far, our sanctions have had a crippling effect on those who feed and fund Putin’s war machine. This 7 days we will announce that we’ve frozen more than $350 billion of Putin’s war chest,” British Overseas Secretary Liz Truss reported. 

Britain has frozen some $350 billion (321 billion euros) in assets from the “war upper body” of Russian President Vladimir Putin, British Foreign Secretary Liz Truss said during a take a look at to Warsaw on Tuesday.

“So much, our sanctions have had a crippling affect on people who feed and fund Putin’s war device. This 7 days we will announce that we’ve frozen above $350 billion of Putin’s war upper body,” Truss stated.

She explained this action intended that “more than 60 % of the regime’s $604 billion overseas forex reserves” ended up now “unavailable” to the Russian authorities.

Truss explained “coordinated sanctions are pushing the Russian financial state back to the Soviet period.

“But we can and we will have to do extra,” she reported.

She known as for a ban on Russian ships docking in Western ports and “agreeing a obvious timetable to eradicate imports of Russian oil, coal and gasoline”.

She also urged Britain’s NATO and G7 partners to impose curbs on “industries that are filling Putin’s war chest, like gold”.

Truss claimed she had been “stunned” by the scenes in Bucha, a town northwest of Kyiv, where a amount of bodies in civilian dresses have been observed subsequent the retreat of Russian forces.

“These are appalling acts of the sort we thought we might left in the 20th century. We will hold those people responsible to account for what they’ve performed,” she said.



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