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UK PM Calls For Action Against Russian Gold Reserves

Channels Television  
Updated March 24, 2022
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.