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UK prepares ‘hit-list’ of Russian oligarchs

“We have to make it deeply painful for the oligarchs that support the Putin regime. There are over a hundred Russian billionaires.

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London: Foreign Secretary Liz Truss has said the UK is preparing a new hit-list of Russian oligarchs to be sanctioned in the coming months.

Speaking in an interview with The Sunday Times, she said, “We have to make it deeply painful for the oligarchs that support the Putin regime. “We’ve already had letters to the Foreign Office, from lawyers, threatening us, so we have to make sure the cases are properly prepared and that we have the right evidence before we sanction these individuals.

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“That is why we’re taking it step by step, but we are working through that hit list and we will continue to sanction new oligarchs every few weeks.

“We have to make it deeply painful for the oligarchs that support the Putin regime. There are over a hundred Russian billionaires.

“Nothing is off the table in terms of who or what we are targeting. We are very clear about that – we are very prepared to do what it takes.”

On Saturday, the leaders of the European Commission, France, Germany, Italy, the United Kingdom, Canada, and the United States “resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economies”.

According to The White House, the decisions undertaken included removing selected Russian banks are removed from the SWIFT, global financing messaging system, to “ensure that these banks are disconnected from the international financial system and harm their ability to operate globally”.

On Friday, the White House had announced the US will impose sanctions on Russian President Vladimir Putin, Prime Minister Mikhail Mishustin, Foreign Minister Sergey Lavrov, deputy chair of the Russian Security Council and former President Dmitry Medvedev and other senior officials. 

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