The UK has threatened with sanctions against the Russian financial sector

The UK and its allies will prepare sanctions that will be imposed on the Russian financial sector in case of Russia’s “invasion” of Ukraine. This was announced on Thursday, January 6, the head of the Foreign Office of the United Kingdom, Liz Truss, speaking in the House of Commons of the British Parliament.

“We have made clear that any further military incursion into Ukraine would have widespread consequences, including the coordinated application of sanctions that would seriously affect Russian interests and the country’s economy,” Truss said.

The sanctions will target the Russian financial sector and individuals. Britain will continue to provide Ukraine with necessary economic and security support, Truss added.

On January 3, Russian Senator Alexey Pushkov said that US President Joe Biden had no plans to impose sanctions against Russia, because then the United States would have no political or economic leverage against the Kremlin. In addition, the senator noted that if the U.S. imposes “hellish” sanctions, Russia’s position would be made more difficult, but it would “give it a complete free hand.

On December 31, Biden said he had warned Russian President Vladimir Putin during talks about the unacceptability of military action against Ukraine. This would lead to sanctions and a stronger U.S. presence in Europe, the U.S. president explained. Putin responded by warning against new restrictions, pointing out that this could lead to a rupture in relations between the two powers.

A few days earlier, U.S. Vice President Kamala Harris said that Russia could face unprecedented sanctions because of the situation around Ukraine.

The U.S.-Russian talks on strategic stability and security issues will be held on January 10. After that, on Jan. 12, the issue of European security and the situation in Ukraine will be discussed at a meeting of the NATO-Russia Council and on Jan. 13 with the Organization for Security and Cooperation in Europe (OSCE).

At the end of 2021, a number of media outlets reported on alleged plans of Russian “invasion” of Ukraine. On December 4, The Washington Post, quoting U.S. administration officials, reported that Russia allegedly intended to invade Ukraine early next year, employing “up to 175,000 troops.

Moscow has repeatedly denied such reports. On December 23, during a press conference, Vladimir Putin added that such statements gave the impression that the Ukrainian side was “preparing a third operation” in Donbass.