×

UK PM Calls For Action Against Russian Gold Reserves

  British Prime Minister Boris Johnson called on Thursday for the world to prevent Russia from using its gold reserves, ahead of a NATO summit … Continue reading UK PM Calls For Action Against Russian Gold Reserves


A video grab from footage broadcast by the UK Parliament’s Parliamentary Recording Unit (PRU) shows Britain’s Prime Minister Boris Johnson speaking as he updates MPs on the situation in Ukraine and sanctions to be made against Russia, in the House of Commons, in London, on February 22, 2022. – Britain on Tuesday vowed to “hit Russia very hard” with targeted sanctions and promised tougher measures in the event of a full-scale invasion, after the Kremlin ordered troops into two Moscow-backed rebel regions of Ukraine. (Photo by various sources / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT “AFP PHOTO / PRU ” – NO MARKETING – NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS
A video grab from footage broadcast by the UK Parliament’s Parliamentary Recording Unit (PRU) shows Britain’s Prime Minister Boris Johnson speaking as he updates MPs on the situation in Ukraine and sanctions to be made against Russia, in the House of Commons, in London, on February 22, 2022.

 

British Prime Minister Boris Johnson called on Thursday for the world to prevent Russia from using its gold reserves, ahead of a NATO summit on Moscow’s invasion of Ukraine.

“We need to do more and so we need to do more economically,” Johnson told LBC radio a month after Russian President Vladimir Putin launched his devastating invasion of Ukraine.

“Can we do more to stop him using his gold reserves, for instance, in addition to his cash reserves? What can we do more to sanction SWIFT?” he said, referring to the international bank transfer system.

Johnson said that as well as increasing military support to Ukraine, “we’ve got to go further” economically.

“My message today in NATO will be that there are ways in which the world can continue to intensify the pressure on Putin,” he said.

“The more we do that now, the more pressure we apply now, particularly on things like gold, … I believe the more we can shorten the war, shorten the slaughter in Ukraine,” he said.