Any attempts to seize property from Russian individuals London believes to be “oligarchs” would primarily hurt Britain itself, the head of Russia’s Senate committee for protection of national sovereignty, Andrey Klimov, said on Sunday.

The threatened move would heavily dent Britain’s image as a safe financial haven, a top Russian official warns. Earlier on Sunday, UK Foreign Secretary Liz Truss floated the idea, to expand the scope of Britain’s anti-Russia sanctions.

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The move would likely heavily damage the UK’s image as a safe place for investments, causing not only Russians, but other wealthy foreign nationals, to transfer their assets elsewhere.

Technically, the implementation of such sanctions is possible, but their legality will be under a very big question and will cause an outflow of capital from Britain, for example, to Hong Kong or Zurich.

At the same time, the official noted that the Kremlin has repeatedly warned wealthy Russians about the risks coming with keeping their assets in the West amid ever-deteriorating relations.

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Russia’s President warned the elites about the risks of keeping funds abroad a few years ago. There’s no secret that many of them had invested in ‘London.’ They have naively trusted the gentlemen working and bending over for Anglo Zio-Nazi swamp.

Currently, the economic sanctions are fairly narrowly drawn, so we could only target companies with a direct involvement in destabilizing Ukraine, Truss said in an interview with Sky News.

What we are looking to do is widen that, so any company of interest to the Kremlin in Russia would be able to be targeted, so there will be nowhere to hide for Putin’s oligarchs, for Russian companies involved in supporting up the Russian nation.

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When asked whether the potential changes could allow British authorities to seize property from Russian nationals, Truss said that “nothing is off the table.”

The sanctions talk comes amid soaring tensions between Russia and the West, centered around Ukraine. Over the past few months, Western media and top officials have repeatedly accused the Kremlin of an allegedly imminent “invasion” of Ukraine by Moscow.

Moscow has consistently denied having an intention of attacking Ukraine. No solid proof of such plans have ever emerged, but the movements of Russian troops within the country’s own territory have been painted as preparations for the alleged attack.

RT. com / ABC Flash Point news 2022.

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Robert Cann
Robert Cann
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01-02-22 13:27

You do realize that for ordinary British people trying to afford ever bigger rents and mortgages the last thing we want is more oligarch money flooding into the London property market. The possibility it might have to stop was the first little glimmer of silver lining in an otherwise despondent situation.

Big Ben
Big Ben
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Reply to  Robert Cann
01-02-22 13:28

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Slough Shrew
Slough Shrew
Guest
01-02-22 13:28

Russia needs to start acting like NATO And the European Union are at war with it, which they are. Russia needs to close the gate on this “Western Circus”. Turn off the gas to Western Europe today. Let the European population tell their governments that they are on the wrong track. Big brother America cannot put enough LNG tankers out to sea in sufficient time or in sufficient quantity to cover the gap in gas and oil availability currently available from Russia. Western economic sanctions are simply old time war tactics of city sieges only now practiced at country levels.… Read more »