In view of the current invasion on Ukraine by Russia, world leaders and member countries of the G7 have reacted to the crisis.
The latest reaction is that from French Prime Minister, Emmanuel Macron, who said the current crisis was a “turning point in the history of Europe.”
US President Joe Biden said: “President Putin has chosen a premeditated war that would bring a catastrophic loss of lives and suffering.”
READ ALSO: Why Putin wants to take over Ukraine – Report
European Commission chief Ursula von der Leyen said Mr Putin was “responsible for bringing war back to Europe”.
UK PM Boris Johnson said Mr Putin had “chosen a path of bloodshed and destruction” with an “unprovoked attack”.
German Chancellor Olaf Scholz also reacted angrily, calling this “Putin’s war” and saying the Russian leader would pay a “bitter price” for his “serious error”.
While the invasion continues to escalate in some parts of Eastern Ukraine, the G7 – US, Japan, Germany, Britain, France, Italy and Canada have vowed in a joint statement to bring forward “severe and co-ordinated” sanctions on Russia.
The essence of the sanction according to Ms Von der Leyen is to “weaken Russia’s economic base and its capacity to modernise”.
Still on economic sanctions on Russia, the UK in its own capacity as announced by Johnson on Thursday will exclude major Russian banks from the UK financial system and oligarchs, according to the BBC.
The prime minister told the House of Commons that they were “the largest and most severe package of economic sanctions that Russia has ever seen”.
Sanctions announced by the prime minister include:
°All major Russian banks will have their assets frozen and will be excluded from the UK financial system. This will stop them from accessing sterling and clearing payments through the UK. This includes a full and immediate freeze of VTB bank
°Legislation will stop major Russian companies and the state from raising finance or borrowing money on UK markets
°Asset freezes will be put on 100 new individuals or entities
°Aeroflot will be banned from landing in the UK
There will be a suspension of dual-use export licences to cover components which can be used for military purposes
°Within days the UK will stop exports of high-tech items and oil refinery equipment
There will be a limit on deposits Russians can make in UK bank accounts
°He says there is potential to cut Russia out from the Swift international payment system and “nothing is off the table”
°Similar financial sanctions will be extended to Belarus for its role in the assault on Ukraine
The UK will bring forward parts of the Economic Crime Bill before the Easter recess.
Watch videos below;
Footage of Ukraine Airport bombing
Footage of Russian missile attacks a warehouse in Odessa, Ukraine
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