New sanctions on Russia: UK targets Sberbank and credit bank of Moscow

 

As promised Britain yesterday rashes up sanctions on Russia UK in a similar move to the US has targeted Russia's largest bank it has decided to end all new British investment in Moscow as well the latest round of sanctions were in response to reports of civilians being killed by Russian forces in puja , UK PM borders Johnson declared that news of such attacks on civilians looks like genocide to him i'm afraid when you look at what's happening  in butcher  with the  revelations that we're seeing from what Putin has done in Ukraine which you know doesn't look far short of genocide to me it is no wonder that people are responding in the way that they are the latest sanctions mark Britain's fifth package of economic measures it includes freezing assets of two Russian Banks credit bank of Moscow and Cebu bank in 2020 UK's investments in Russia was worth over 11 billion pounds which will now face an outright ban UK also said it plans to end all dependency on Russian coal and oil by end of this year from next week onward export of key oil defining equipment and catalysts will also be banned it's a measure which not only targets industries finances but its capabilities as a whole in a move aimed at key Russian industries. Britain has also banned imports of iron and steel products besides this eight Russian holy have been sanctioned it includes one monster contour who is the largest shareholder of fertilizer company Akron there it's a company which has significance to Russian government as Well European union similarly also impose sanctions it includes full transaction ban on four key Russian banks that represent 23 of Russian banking sector it also banned Russian vessels from accessing EU ports and limiting options for Russia to obtain key goods it also imports imposed export bans worth 10 billion euros in areas where Russia is vulnerable like advanced semiconductors sensitive machinery and transportation equipment now import ban is worth 5.5 billion euros has also been imposed on products from wood cement seafood and liquor you said it is also working on possible additional sanctions including a ban on oil imports now president zielinski of Ukraine has not been satisfied with this he has called for tougher sanctions against Russia.