UK Imposes Sanctions Against Five Russian Banks, Three Individuals | Farsnews Agency

(FNA)- Britain on Tuesday put sanctions on five Russian banks and three high-net worth individuals including Gennady Timchenko after Russian President Vladimir Putin ordered the deployment of troops to two breakaway areas in Eastern Ukraine.

“This is the first tranche, the first barrage of what we are prepared to do,” the British Prime Minister, Boris Johnson, told parliament, The Guardian reported.

“Any assets they hold in the UK will be frozen and the individuals concerned will be banned from travelling here,” Johnson said of the individuals being sanctioned.

Timchenko is a close ally of Putin. The sanctioned banks are Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank, Johnson said.