Foreign secretary Liz Truss says that new legislation, which is expected to be announced in the House of Commons on Monday, will widen current sanctions so “there will be nowhere to hide for Putin’s oligarchs”, reports Asian Lite News
Boris Johnson has warned Russia against a “catastrophic invasion” of Ukraine – as the government said widened sanctions would see it pursue “Putin’s oligarchs”.
The prime minister said on Sunday that the “picture is increasingly concerning” as he urged Russia to engage in talks and “avoid a reckless and catastrophic invasion”.
It comes after Johnson offered to double the number of troops to strengthen Europe’s borders, as well as send defensive weapons.
And foreign secretary Liz Truss doubled down by saying Downing Street will broaden its scope to target Russian oligarchs in the UK.
She told Sky News that new legislation, which is expected to be announced in the House of Commons on Monday, will widen current sanctions so “there will be nowhere to hide for Putin’s oligarchs”.
Truss said the “number one thing that will stop Vladimir Putin taking action is if he understands the [financial] costs of that action”.
“Currently, the economic sanctions are fairly narrowly drawn, so we could only target companies with a direct involvement in destabilising Ukraine.
“What we are looking to do is widen that so any company of interest to the Kremlin and the regime in Russia would be able to be targeted, so there will be nowhere to hide for Putin’s oligarchs, for Russian companies involved in propping up the Russian state.”
Truss added “nothing is off the table” amid suggestions the sanctions could include the seizure of oligarchs’ property in London.
Nato secretary-general Jens Stoltenberg told the BBC that potential sanctions on Russia would have an effect on the country as it would have to pay a “higher price”.
However, he added he was concerned about retaliations from Russia if there were sanctions, such as cutting off gas supplies to Europe.
Major deployment of troops
Meanwhile, Britain is preparing to offer NATO a “major” deployment of troops, weapons, warships and jets in Europe, Prime Minister Boris Johnson announced Saturday, to respond to rising “Russian hostility” towards Ukraine.
The offer, set to be made to NATO military chiefs next week, could see London double the approximately 1,150 UK troops currently in eastern European countries and “defensive weapons” sent to Estonia, his office said.
“This package would send a clear message to the Kremlin — we will not tolerate their destabilising activity, and we will always stand with our NATO allies in the face Russian hostility,” Johnson said in a statement late Saturday.
“I have ordered our Armed Forces to prepare to deploy across Europe next week, ensuring we are able to support our NATO allies on land, at sea and in the air,” he added.
The British leader said if Russian President Putin chose “bloodshed and destruction” in Ukraine, it would be “a tragedy for Europe”.
“Ukraine must be free to choose its own future,” he argued.
Johnson, who has been under intense political pressure for weeks following a series of scandals, said Friday he will speak to Putin in the coming days to urge de-escalation over Ukraine.
Meanwhile, he is to visit the region next week.
Relations between Russia and the West are at their lowest point since the Cold War after Moscow deployed tens of thousands of troops on the border of Ukraine.
Britain’s foreign ministry is expected to announce the toughening of its sanctions regime on Russia in parliament Monday, to target strategic and financial interests.
Meanwhile UK officials will be dispatched to Brussels, home to NATO headquarters, to finalise details of the military offer after ministers discuss the differing options also on Monday.
Britain’s chief of defence staff Tony Radakin, the head of the armed forces, will brief the cabinet on the situation in Ukraine the following day.
The possible deployment of aircraft, warships and military specialists as well as troops and weaponry will reinforce NATO’s defences and “underpin the UK’s support for Nordic and Baltic partners”, according to Johnson’s office.
Britain already has more than 900 military personnel based in Estonia, and more than 100 are currently in Ukraine as part of a training mission started in 2015.
Meanwhile a light cavalry squadron of around 150 personnel is deployed in Poland.
The warship HMS Prince of Wales — currently in the so-called “High North” European Arctic region, leading the NATO’s Maritime High Readiness Force — is on standby “to move within hours should tensions rise further,” Downing Street said.
On the diplomatic front, British Foreign Secretary Liz Truss and Defence Secretary Ben Wallace are preparing to visit Moscow for talks with their counterparts in the coming days, it added.
“They will be asked to improve relationships with President Putin’s government and encourage de-escalation,” Johnson’s office said.
Wallace is also set to travel to meet with allies in Hungary, Slovenia, and Croatia next week.
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