The UK is “bolstering” its package of sanctions against the Kremlin with “new powers in our arsenal to go further and faster”, UK Prime Minister Boris Johnson has said. Johnson said the changes will “ramp up the pressure on those criminal elites trying to launder money on UK soil”, ensuring they have “nowhere to hide”. It comes as the government has been under pressure to speed up punitive action against people linked to Russian President Vladimir Putin’s regime. The amendments to the Economic Crime (Transparency and Enforcement) Bill being put forward by the government will “help streamline the current legislation so we can respond even more swiftly and effectively to the current crisis in the way we sanction individuals”, the Foreign Office said. The FCDO said the provisions will allow the UK to align more rapidly with the individual designations imposed by allies such as the U.S., Canada, and the …
UK Bolstering Russia Sanctions With New Powers to Move Further and Faster: Johnson
March 4, 2022
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