Early on the morning of 24 February 2022, the Russian military launched a broad military offensive targeting Ukraine. The full scope of the Russian military operation is not immediately clear. The UK's Prime Minister, Boris Johnson, stated that the UK will respond decisively to Russia's "unprovoked attack" and European Commission President, Ursula von der Leyen, stated that a package of "massive" sanctions would be proposed in a bid to weaken Russia's economic base and its "capacity to modernise".
The invasion has triggered further financial sanctions and trade restrictions on Russia from the UK, EU and US, in addition to those which had already been imposed following Russia's recognition of the Luhansk and Donetsk regions of Ukraine as independent (and the corresponding movement of Russian forces into these regions). Please see our previous article available here for details of these initial restrictions (and further background in connection with the conflict).
This article was last updated on Friday 25 February 2022. This article will not be subject to further updates and reflects the position at the time of publication. Please see our latest article on sanctions available here. Please see our initial article available here for details of these initial restrictions (and further background in connection with the conflict).