Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Britain hints at Putin sanctions, drawing warning from Kremlin

Published 26/01/2022, 07:32
© Reuters. FILE PHOTO: Russia's President Vladimir Putin and Britain's Prime Minister Boris Johnson meet on sideline of the Libya summit in Berlin, Germany January 19, 2020.  Sputnik/Aleksey Nikolskyi/Kremlin via REUTERS

LONDON (Reuters) - Britain said on Wednesday it was not ruling out personal sanctions against President Vladimir Putin if Russia invades Ukraine, drawing a warning from the Kremlin that such a move would be destructive.

U.S. President Joe Biden said on Tuesday he would consider personal sanctions on Putin if Russia invades Ukraine, as Western leaders stepped up military preparations and made plans to shield Europe from a potential energy supply shock.

Russia has massed more than 100,000 troops around Ukraine and the West fears it may invade in an attempt to annex its former Soviet republic. Russia has dismissed such speculation as a symptom of Russophobia which it says is gripping the West.

Asked about possible sanctions on Putin, British Foreign Secretary Liz Truss told Sky: "We're not ruling anything out."

"We'll be bringing forward new legislation to make our sanctions regime tougher so we are able to target more companies and individuals in Russia. We will be bringing that forward in the next few days. I'm not ruling that out."

Kremlin spokesperson Dmitry Peskov said such a move would be "destructive" for relations but not at all painful for Putin, who rose to the top Kremlin job on the last day of 1999 when Boris Yeltsin unexpectedly resigned.

Truss said Britain was supplying defensive weapons to Ukraine.

Russia has repeatedly said it has no intention of invading Ukraine and that it can deploy troops wherever it wants on its own territory.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Crimea part 2
USA defaulter all over world
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.