Britain and Germany announce sanctions on Russia over Ukraine-Russia dispute

Tuesday, February 22, 2022

LONDON: Britain has begun imposing sanctions on Russia over the Russian president's recognition of two Ukrainian provinces as independent states and the deployment of troops there.

According to the news Prime Minister Boris Johnson has announced to freeze the assets of three billionaire Russian businessmen Gennady Tamshenko, Boris Rottenberg and Ego Rotenberg.

And it barred all three traders from entering the UK, while barring British citizens and companies from dealing with them.

Five banks have been banned by the British Prime Minister after which British citizens and companies will not be able to transact with these banks.

In addition, the British Prime Minister says that this is the beginning of sanctions and further sanctions may be imposed, but the efforts for a diplomatic solution to the dispute will continue until the last minute.

On the other hand, Germany has also announced that it is considering suspending the Nordstream 2 gas pipeline project worth more than 11 11.5 billion. The pipeline covers 1,230 km and can deliver 150 million cubic meters of gas a day.

The United States and the European Union are expected to announce sanctions on Russia in a few hours. Earlier, in his address to the nation, the President of Ukraine had asked for help from Western countries against Russia and said that now it will be known who is our friend.


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