UK's new Russia sanctions powers to be in place on Thursday - minister
Reuters
Published Feb 10, 2022 10:59
LONDON (Reuters) - British minister for Europe James Cleverly said the government intended new sanctions legislation to come into force on Thursday which will enable it to target a broader range of Russian interests in response to aggression in Ukraine.
Last month Foreign Secretary Liz Truss said Britain planned sanctions legislation to give London new powers to target companies linked to the Russian state.
"We are now laying legislation to broaden the designation criteria for the Russia sanctions regime. As the Minister for Europe I have signed the legislation which we will lay before parliament and intend to come into force this afternoon," Cleverly told parliament.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.