17.1 C
Sunday, May 19, 2024

Russian Court Orders Seizure of Deutsche Bank and UniCredit Assets Amid Exit from Russia

Court documents dated May 16 reveal that the St. Petersburg court ordered the confiscation of assets amounting to 239 million euros ($260 million) from Deutsche Bank and 463 million euros ($504 million) from Italy's UniCredit

PM Roosevelt Skerrit welcome students of Bellevue Chopin Primary School

Roseau, Dominica: The students of Bellevue Chopin...

Ukrainian Drone Attacks on Russia Kill 2, Ignite Oil Refinery Blaze

This marks Kyiv's largest aerial assault in recent weeks and coincides with Russian advancements along the northeastern Ukrainian front line

Truss warns Russia to face high-impact sanctions if again invade Ukraine

NewsTruss warns Russia to face high-impact sanctions if again invade Ukraine

On Thursday, January 6, 2022, Liz Truss, a UK foreign secretary, warned Russia over its incursion in Ukraine. She told MPs in the UK that Russia would face high-impact sanctions if it further made another military invasion in Ukraine.

The action will be taken against Russia by halting its ability to carry out financial transactions that will hit the high-level Russian elite. She remarked to directly warned Russia that if it mounts another incursion into Ukraine, then it will be excluded from Swift, a messaging network that is used by 11,000 banks in almost 200 different countries for the payments made worldwide.


Further, the allies of the United States and its Nato have continuously warned Russia, and they have a package of massive sanctions, and it is ready to get launched if Russia will again be headed toward Ukraine with the intention of invasion. They have not revealed the details in public.

Truss further mentioned,” The UK is working on these sanctions with our partners, which is also included the high-impact measures that target the financial sector of Russia and its individuals. She also enclosed that she will visit Ukraine next month.

Truss is currently coming under cross-party pressure about lax-anti-money laundering laws in the UK and lost her carefully acquired the position of Iron Lady. In her undermining image, another reason was included the failure to establish a register of the property, which is beneficial ownership in the UK or the territories of the United Kingdom.

Truss further said that a total of 25 Russian nationals had been given to the UK sanctions, and the country will make the review of this legislation.

Truss said 25 Russian nationals have been subject to UK sanctions, and the UK will continue to review this legislation.

David Lammy, the shadow foreign secretary, said that the parliament of the United Kingdom will unite to condemn the intimidation of Russia in Ukraine. He further said,” the danger is acute, and the demands of Russia are completely incompatible”.


Check out our other content

Check out other tags:

Most Popular Articles