Russia is in danger of being excluded from global financing.
The Prime Minister of the United Kingdom Boris Johnson warns that Russia is preparing to derail Europe from its worst conflict since World War II. Johnson also estimates that an attack on Ukraine would “freeze” Russia’s global funding.
The British prime minister commented on the state of the crisis in Ukraine to the BBC today in Germany as the closing date for the annual security meeting in Munich began.
According to Johnson, all indications are that the plan for Russia’s invasion of Ukraine has already begun in some way. According to him, U.S. intelligence says Russia’s offensive plan would not only allow its troops to invade Ukraine from the rebel-controlled east, but also from Belarus to northern Ukraine in an attempt to encircle the capital, Kiev.
“People need to understand the human cost of this,” he said.
London pound income stop?
Earlier, Johnson noted that the West will continue to support Ukraine even after the start of a possible Russian invasion.
Johnson has warned in Munich that Western sanctions would be the answer to “any” attack on Ukraine. He said they would make it impossible for Russian President Vladimir Putin’s regime to gain access to Europe’s largest capital market, the City of London.
Johnson recalled that sanctions would extend to U.S. measures worldwide. The prime minister summed up for the BBC that Western sanctions would put an end to the pound and dollar trade by Russian companies, which he said would hit Russia “very, very hard”.
The current British government has been accused of turning a blind eye to the revenue streams that money from Russia brought through London.