AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.98 Increased By ▲ 1.45 (1.12%)
BOP 6.80 Increased By ▲ 0.12 (1.8%)
CNERGY 4.62 Decreased By ▼ -0.01 (-0.22%)
DCL 8.97 Increased By ▲ 0.03 (0.34%)
DFML 43.00 Increased By ▲ 1.31 (3.14%)
DGKC 84.18 Increased By ▲ 0.41 (0.49%)
FCCL 33.05 Increased By ▲ 0.28 (0.85%)
FFBL 78.40 Increased By ▲ 2.93 (3.88%)
FFL 12.12 Increased By ▲ 0.65 (5.67%)
HUBC 110.90 Increased By ▲ 0.35 (0.32%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.62 Increased By ▲ 0.23 (4.27%)
KOSM 8.26 Decreased By ▼ -0.14 (-1.67%)
MLCF 39.75 Decreased By ▼ -0.04 (-0.1%)
NBP 61.05 Increased By ▲ 0.76 (1.26%)
OGDC 199.60 Decreased By ▼ -0.06 (-0.03%)
PAEL 26.65 No Change ▼ 0.00 (0%)
PIBTL 7.81 Increased By ▲ 0.15 (1.96%)
PPL 160.15 Increased By ▲ 2.23 (1.41%)
PRL 26.70 Decreased By ▼ -0.03 (-0.11%)
PTC 18.80 Increased By ▲ 0.34 (1.84%)
SEARL 83.05 Increased By ▲ 0.61 (0.74%)
TELE 8.23 Decreased By ▼ -0.08 (-0.96%)
TOMCL 34.48 Decreased By ▼ -0.03 (-0.09%)
TPLP 9.06 No Change ▼ 0.00 (0%)
TREET 17.00 Decreased By ▼ -0.47 (-2.69%)
TRG 60.40 Decreased By ▼ -0.92 (-1.5%)
UNITY 27.81 Increased By ▲ 0.38 (1.39%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,570 Increased By 163.2 (1.57%)
BR30 31,952 Increased By 238.6 (0.75%)
KSE100 98,750 Increased By 1421.4 (1.46%)
KSE30 30,758 Increased By 566 (1.87%)

LONDON: Britain said Tuesday it was adding top lender Sberbank to its list of Russian entities sanctioned over the invasion of Ukraine, and warned that the costs would only increase for the Kremlin.

The Treasury updated its sanctions list to show the designation of Public Joint-Stock Company Sberbank, whose European arm is already tottering after it was sanctioned by the EU.

The move comes after the government on Monday said it would freeze the UK assets of all Russian banks, and ordered British ports to turn away Russian ships.

Deputy Prime Minister Dominic Raab said the West's sanctions, including a freeze on the assets of Russia's central bank, would cause oligarchs to intensify pressure on President Vladimir Putin.

"That will starve Putin's war machine and will also put pressure on many of the oligarchs who need access to the international system and who will apply pressure on Putin," he told BBC television.

The sanctions were not meant to target the Russian people, Raab said, after many banks saw lengthy queues of people trying to withdraw their savings and convert them into foreign currency.

"But it's inevitable that Russia's and Putin's misadventure, his catastrophic decision, will be disastrous for the Russian people," the British minister said.

"It will show them the economic cost to them of getting bogged down in this unwarranted, unjustifiable war."

Comments

Comments are closed.