Economic sanctions expert Dr Nathanael Tilahun says the world could soon be looking at reports of food shortages in the country, or even famine.
Selected Russian banks will also be removed from the Swift inter-bank payment system, which enables the smooth transfer of money across borders.
If the war escalates even further, other Russian oligarchs in the UK could also be sanctioned but this will require reasonable grounds to suspect they are closely associated with Putin’s regime against Ukraine. Recently, the Government has been under fire for not seizing such assets from wealthy Russians, like Roman Abramovich, who listed his £100million Kensington Palace Gardens mansion on the market just days ago.The city of Kharkiv lays devastated as Russian forces step up their assault on Ukraine Commenting on the UK’s role in this crisis, Dr Tilahun said: ‘In London, sometimes it is very difficult to know who owns what property.‘It is ridiculous to say that, I know.
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