U.K., EU sanctions hit Russian lawmakers, banks and oligarchs

London stops short of cutting off Moscow's access to capital markets

St. Basil's Cathedral, left, and the Spasskaya Tower of the Kremlin, as seen through a gate in central Moscow. © Reuters

MAILYS PENE-LASSUS and RHYANNON BARTLETT-IMADEGAWA, Nikkei staff reporters

February 23, 2022 05:30 JST

PARIS/LONDON -- Western allies announced coordinated sanctions against Russia on Tuesday after Russian President Vladimir Putin recognized two breakaway regions of eastern Ukraine and ordered troops sent in.

In a statement to Parliament, British Prime Minister Boris Johnson called Russia's actions a "renewed invasion" of Ukraine, and announced sanctions on five Russian banks and three Russian nationals.