The British government has decided to impose sanctions restrictions against the Central Bank of Russia because of the special operation in Ukraine, the press service of the British Treasury said in a statement.
“The government intends to take further restrictive economic measures in response to Russia’s invasion of Ukraine. They will be directed against the Central Bank of the Russian Federation. These steps are being taken jointly with the US and the EU to prevent the Central Bank of the Russian Federation from using its foreign exchange reserves and undermine its ability to conduct foreign exchange transactions to support the ruble”, the document says, TASS reports.
In addition, the British Ministry of Finance intends to “immediately take measures to introduce restrictions prohibiting British individuals and legal entities from transactions with the Central Bank of the Russian Federation, the National Wealth Fund (NWF) and the Ministry of Finance of the Russian Federation.”
“The Ministry of Finance plans to prevent the Russian companies from issuing transferable securities and money market instruments in the UK for the Russian Federation. Selected Russian banks will lose access to transactions in pounds sterling and will not be able to make payments through the UK or have access to its financial markets”, the agency said.
Recall that on February 27, the EU Foreign Ministers agreed to disconnect a number of Russian banks from the international SWIFT system. At present, the European Union has not decided on the list of banks to be switched off, since it cannot completely disconnect the Russian Federation from SWIFT due to the connection of the Russian economy with the economies of other countries.