UK Announces First Tranche of Russia Sanctions, Targets Banks and Wealthy Individuals

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UK Announces First Tranche of Russia Sanctions, Targets Banks and Wealthy Individuals
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The U.K. has slapped targeted economic sanctions against five Russian banks and three wealthy individuals.

He added:"This the first tranche, the first barrage of what we are prepared to do and we hold further sanctions at readiness to be deployed alongside the United States and the European Union if the situation escalates still further."

Luhansk and Donetsk as independent states. The Russian president on Monday ordered troops to the breakaway areas to"perform peacekeeping functions.", with policymakers admonishing a"blatant" and"unacceptable" violation of international law. "This is our choice. We are on our land. We're not afraid of anyone and everyone," he said, according to a transcript by NBC News.

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