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UK Sanctions Rules Targeting Russian Firms, Oligarchs to Take Effect Today

RUSSIA
  • U.K. RULES FOR POTENTIAL RUSSIA SANCTIONS TO TAKE EFFECT THURS
  • The legislation announced by Truss would “target any company that is linked to the Russian state, engages in business of economic significance to the Russian state, or operates in a sector of strategic significance to the Russian state”
  • “The package that we are putting forward in legislation will be in place by 10 February, which means that we are able to enact wide-ranging sanctions in broad categories that really target anybody who is providing strategic or economic support to the Russian regime. There will be nowhere to hide, and I am very clear that we will apply those sanctions without fear or favour.”
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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