Home Business News UK cripples Russian firms with bans to ‘access British services’ such as accountancy firms and PR sectors as 63 new sanctions announced

UK cripples Russian firms with bans to ‘access British services’ such as accountancy firms and PR sectors as 63 new sanctions announced

by LLB staff reporter
4th May 22 2:11 pm

The British government have announced a further 63 sanctions against Russian businesses which will ban Russian firms from using accountancy firms.

New sanctions against major media companies in Russia have been announced and the Foreign Secretary Liz Truss said that Russian firms will also be banned from using management consultancy and PR sectors to further damage Vladimir Putin’s economy.

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The government said that Russia are “heavily reliant” on Western service companies and by cutting them off this will account for around 10% of Russian imports.

The 63 sanctions will include travel bans, asset freezes for those who are linked to Russian broadcasters and newspapers, along with more sanctions against mainstream media organisations.

Truss said, “Doing business with Putin’s regime is morally bankrupt and helps fund a war machine that is causing untold suffering across Ukraine.

“Cutting Russia’s access to British services will put more pressure on the Kremlin and ultimately help ensure Putin fails in Ukraine.”

Business Secretary, Kwasi Kwarteng, added, “Our professional services exports are extraordinarily valuable to many countries, which is exactly why we’re locking Russia out.

“By restricting Russia’s access to our world-class management consultants, accountants and PR firms, we’re ratcheting up economic pressure on the Kremlin to change course.”

Truss has also imposed new sanctions on war correspondents embedded with Russian forces in Ukraine.

These include, Evgeny Poddubny, a war correspondent for the All-Russia State Television and Radio Broadcasting Company.

Alexander Kots, a war correspondent for Russian newspaper Komsomolskaya Pravda and Dmitry Steshin who is a Russian journalist and special correspondent for Komsomolskaya Pravda.

Other media companies who have now been sanctioned are, InfoRos, a news agency spreading “destabilising disinformation about Ukraine.”

SouthFront who are a disinformation website and the Strategic Culture Foundation, who are an online journal spreading disinformation about the invasion.

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