The UK government has joined the European Union (EU) and the United States in announcing new sanctions against the Russian Central Bank in a bid to ramp up pressure against Moscow for its invasion of Ukraine. The new sanctions are aimed at preventing the Central Bank of the Russian Federation (CBR) from deploying foreign reserves to counter the impact of Western sanctions. It will also “undercut” the bank’s ability to engage in forex transactions aimed at supporting the Russian currency rouble, said the UK government. “These measures demonstrate our determination to apply severe economic sanctions in response to Russia’s invasion of Ukraine,” said Chancellor of the Exchequer Rishi Sunak. “We are announcing this action in rapid coordination with our U.S. and European allies to move in lock step once more with our international partners, to demonstrate our steadfast resolve in imposing the highest costs on Russia and to cut her …