Russian oligarchs face tough sanctions to deter Putin from invading Ukraine

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Russian oligarchs face tough sanctions to deter Putin from invading Ukraine
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U.K. foreign secretary Liz Truss said sanctions are being widened to allow 'more Russian interests that are of direct relevance to the Kremlin' to be targeted.

Current U.K. laws on economic sanctions are"fairly narrowly drawn, so we could only target companies with a direct involvement in destabilizing Ukraine," Truss said.

"So there will be nowhere to hide for Putin's oligarchs, for Russian companies involved in propping up the Russian state. That is what we are looking at doing this week." "Nothing is off the table," Truss said."We're not going to go into the details of exactly who and how we would target the sanctions. What the legislation enables us to do is hit a much wider variety of targets, so there can nobody who thinks they would be immune to those sanctions."

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