Print PDF

What sanctions can the UK and the West impose on Russia?

The Times UK

London Office Managing Partner Reid Whitten spoke with The Times UK regarding western countries imposing banking sanctions against Russia.  "There will be an incredible amount of the Russian economy that's frozen from use in the rest of the world. Once [Putin's] oligarch inner circle start having their businesses becoming anathema to western banks there will be serious issues," commented Whitten.

The article further states that another option on the table is an export ban on high technology items. This is a tactic that has been deployed by the US against Huawei, the Chinese multinational, barring its access not only to US-made microchips but also the software they are designed on. Whitten added, "That's been effective against Huawei. It doesn't stop the company from existing but they are in a much weaker position."

Jump to Page

By scrolling this page, clicking a link or continuing to browse our website, you consent to our use of cookies as described in our Cookie and Advertising Policy. If you do not wish to accept cookies from our website, or would like to stop cookies being stored on your device in the future, you can find out more and adjust your preferences here.