British Foreign Secretary Liz Truss says sanctions against Russian individuals and companies could be lifted if Russia withdraws from Ukraine and pledges to end the aggression, the Telegraph newspaper reported on Saturday.
Britain and other Western countries are using economic sanctions to cripple Russia’s economy and punish President Vladimir Putin for invading Ukraine in a bid to pressure him to refrain from what he calls a special military operation to destroy Ukraine. demilitarize and “denazify”.
In an interview with the Telegraph, Truss raised the possibility that the measures could end if Moscow changed course.
“What we know is that Russia has signed several agreements that they just don’t abide by. So there must be hard levers. Of course sanctions are hard levers,” she said.
“Those sanctions should only come with a full ceasefire and withdrawal, but also with commitments that there will be no further aggression. And there is also the option of having snapback sanctions if there is further aggression in the future . That’s a real leverage that I think can be used.”
The British government says it has so far imposed sanctions on banks with total assets of £500bn ($658.65bn) and oligarchs and family members with a net worth of more than £150bn.
Truss also suggested that the crisis had brought Britain and the European Union closer together after relations became severely strained after Brexit.
“One of the points I want to make about this crisis is that we’ve worked very, very closely with the European Union,” she said.
“Of course there are some areas where we have differences with the EU. But essentially we are all democratic nations, we all believe in freedom and the right of people to choose their own government and we are very united in the struggle.”
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