New sanctions just announced by Boris in the Commons. He calls Putin a “blood stained aggressor who believes in imperial conquest”…

• Full asset freeze on VTB
• Russian banks excluded from the UK financial system, stopping them accessing sterling and clearing assets through the UK – US taking similar measures
• Ban on Russian state and private companies from raising funds in the UK
• Sanctions also applied to Belarus
• Asset freezes on more than 100 new entities and individuals, including all major manufacturers backing Putin
• Aeroflot banned
• New trade restrictions and stringent export controls
• New legislation to ban the export on all dual use items to Russia, including high-end tech equipment from sectors including technology, telecommunications and aerospace

Boris says SWIFT ban can’t happen without unity among the G7 to be effective. Thanks Germany et al…