To make sure you never miss out on your favourite NEW stories, we're happy to send you some reminders

Click 'OK' then 'Allow' to enable notifications

Not now
OK
Advert
Advert
Advert

Ukraine: Russia Says It Has Prepared Package Of 'Retaliatory Sanctions'

Shola Lee

Published 
| Last updated 

Ukraine: Russia Says It Has Prepared Package Of 'Retaliatory Sanctions'

Featured Image Credit: Alamy

Russia is preparing a package of retaliatory sanctions following yesterday's announcements of sanctions from countries across the world.

The US, UK and European Union all imposed tough economic sanctions on Russia in the wake of President Vladimir Putin's order to invade Ukraine yesterday, February 24.

Now, according to Dmitry Peskov, the Russian presidential spokesman, a package of retaliatory sanctions has been prepared.

Advert
Vladimir Putin (Alamy)
Vladimir Putin (Alamy)

Peskov said, 'Of course, we will follow up with retaliatory measures,' and noted that Moscow is aware of the West's weaknesses, as per Sky News,

He added that the restrictions still needed to be analysed but that 'during this analysis, the main concern will be our own interests. That is, we will act solely based on our own interests', according to the TASS news agency.

The news comes after Western and global leaders announced a wave of some of the toughest sanctions ever imposed.

Advert
Boris Johnson (Alamy)
Boris Johnson (Alamy)

UK Prime Minister Boris Johnson told the House of Commons that the government would impose 'the largest and most severe package of economic sanctions that Russia has ever seen'.

The sanctions are set to exclude major Russian banks from the UK's financial system, with Russian oligarchs also being targeted, as per the BBC.

In addition, Russia's national airline, Aeroflot, will be banned from landing in the UK.

Advert

Johnson also said that the G7 group of world leaders is working together to 'maximise the economic price that Putin will pay for his aggression'.

Following a meeting with fellow G7 leaders, US President Joe Biden gave a public address yesterday to explain the US sanctions against Russia.


Advert

Biden said, 'We have purposely designed these sanctions to maximise the long term impact on Russia and to minimise the impact on the United States and our allies.

'We have now sanctioned Russian banks that together hold around one trillion dollars in assets,' Biden added.

He went on to say that the US will be 'adding names to the list of Russian elites and their family members that we're sanctioning as well'.

There was criticism in the days leading up to the Russian invasion, with some arguing sanctions were not being imposed fast enough and didn't go far enough.

Advert

The new sanctions are set to hit Russia harder, with leaders in the West continuing to extend their support to Ukraine.

If you would like to donate to the Red Cross Emergency Appeal, which will help provide food, medicines and basic medical supplies, shelter and water to those in Ukraine, click here for more information 

Topics: News, World News, Russia, Ukraine, Joe Biden, Boris Johnson

Shola Lee
More like this
Advert
Advert
Advert

Chosen for YouChosen for You

News

Woman left fighting for her life after hit-and-run crash that killed her roommate

8 hours ago

Most Read StoriesMost Read

Physicists think they've finally figured out how Egyptians built the pyramids

15 hours ago