🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

UK must deal with Russian money in the City, Johnson says

Published 02/20/2022, 05:15 AM
Updated 02/20/2022, 05:20 AM
© Reuters. FILE PHOTO: The City of London financial district is seen as people walk over Millennium Bridge in London, Britain, February 16, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) - Britain has an issue with Russian money funnelling through the City of London and it must be dealt with, Prime Minister Boris Johnson said on Sunday.

© Reuters. FILE PHOTO: The City of London financial district is seen as people walk over Millennium Bridge in London, Britain, February 16, 2022. REUTERS/Henry Nicholls

Johnson has threatened to impose harsh sanctions on Russia if it invades Ukraine, with Russian companies blocked from raising capital on financial markets, and the ownership of companies and properties revealed.

"We have an issue with Russian money in the city," Johnson told the BBC. "We've got to deal with that."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.