Media: London Is Ppreparing Its Own Sanctions Regime, Under Which Russians May Fall
The Foreign Office, the newspaper notes, made a statement that a new sanctions regime could be introduced immediately after the country's exit from the EU on January 31. By-laws will be published in February or March, which will include a list of sanctioned citizens whose assets in the UK will be frozen.
The Financial Times adds that British Foreign Minister Dominic Raab plans to introduce a new sanctions regime in order to demonstrate the country's continued position after Brexit. In addition, new sanctions could be a response to concerns that the new British trade policy might violate human rights. Raab will use Magnitsky’s Amendment to the British Sanctions Act, which was adopted in 2018, which allows freezing assets and introducing visa restrictions for human rights violators.