Thread: Russia has invaded Ukraine
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Old 01-03-2022, 21:42   #594
1andrew1
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Re: Russia has invaded Ukraine
30 days is a long time in this conflict and not "full and immediate"!
Quote:
Government accused of ‘absurd’ sanctions loophole after giving Russian bank customers 30 days to ‘wind down’ assets

Prime Minister Boris Johnson announced last Thursday that the state-owned VTB Bank, which is the second-largest Russian bank and its largest investment bank, was the subject of a “full and immediate” asset freeze in the UK as part of the Government’s attempts to help derail Vladimir Putin’s invasion of Ukraine by targeting key finance houses.

But the following day the Treasury unit in charge of enforcing the UK’s sanctions quietly issued a 30-day licence granting permission for any individual or entity to “wind down any transactions” with VTB until 27 March.
https://inews.co.uk/news/government-...assets-1490017
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