Britain is preparing to suffer financial sacrifices to support Ukraine: Foreign Minister

Britain’s Foreign Minister Liz Truss said Britain was “ready to suffer financial sacrifices” to assist Ukraine in its efforts to resist Russia’s aggression.

Truss addressed the Commonwealth House on February 28, as all Russian banks initially announced new powers to limit the liquidation of Sterling payments to Sberbank, the country’s largest bank, for a few days. He said he would suffer a complete asset freeze within. ..

She said Britain would continue to work through the Russian oligarch’s “hit list”, focusing on “their homes, their yachts, and every aspect of their lives.”

The government will also introduce an economic crime bill she said was “everything about flushing oligarchy’s dirty money from Britain.”

Truss said the war could last “months and years” as it prepared the British people for financial difficulties as a result of sanctions.

“The UK and its allies will have to experience some financial difficulties as a result of sanctions, but our hardships are not comparable to the hardships that the Ukrainian people have endured,” she said. Said.

“This is a struggle for freedom and self-determination in Ukraine, but everywhere it is a struggle for freedom and democracy, and a struggle for the whole of Europe and the survival of freedom,” she added.

Russia’s President Vladimir Putin said, “We must lose,” saying that “a planned aggression that violates international law and multiple international commitments cannot succeed.”

She told the Ukrainians, “We are with you.”

“In the UK and around the world, we are ready to suffer financial sacrifices to help you,” she said. “No matter how long it takes, we will not rest until Ukraine’s sovereignty is restored.”

Western sanctions have tightened, forcing the Central Bank of Russia to raise key interest rates significantly to prevent the ruble from collapsing.

Boris Johnson
Prime Minister Boris Johnson will meet with military personnel at RAF Brize Norton in northwest London on February 26, 2022. (BenBirchall / POOL / AFP via Getty Images)

At a cabinet meeting on Monday, Prime Minister Boris Johnson said Putin “underestimated the strength of the sanctions that Western unity and his actions could bring.”

He states: “It is revealed every day that Putin made a big mistake, believing that his tank guns would be adorned with roses when the Ukrainians showed fierce resistance to defend their hometown.”

Johnson will continue his diplomatic promotion by traveling to Poland and Estonia on Tuesday for a meeting with his counterpart and NATO Secretary-General Jens Stortemberg.

PA Media contributed to this report.

Alexander Chan