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U.K. PM Boris Johnson First Major Leader to Act, Will Freeze Russian Bank Assets

Gary Ray by Gary Ray
February 24, 2022
2

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Leaving little doubt regarding his feelings on Russian advances into Ukraine, U.K. PM Boris Johnson gave a stirring Churchill-type speech today outlining his intent to freeze Russian bank assets saying, “This hideous and barbaric venture of Vladimir Putin must end in failure,” according to the Daily Wire.

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Several nations have imposed economic sanctions on Russia, but Johnson is the first world leader to freeze Russian bank assets.

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According to a report in the Associated Press, in addition to a lock on bank assets, “Britain will also ban the export to Russia of a wide range of high-tech products, including semiconductors, and prohibit the nation’s flagship airline, Aeroflot, from landing at British airports.” 

In a public address Thursday morning, Johnson said:

“Shortly after 4 o’clock this morning I spoke to president Zelensky of Ukraine to offer the continued support of the U.K. because our worst fears have now come true and all our warnings have proved tragically accurate.

“President Putin of Russia has unleashed war in our European continent. He has attacked a friendly country without any provocation and without any credible excuse.

“Innumerable missiles and bombs have been raining down on an entirely innocent population. A vast invasion is underway by land by sea and by air. And this is not in the infamous phrase some faraway country of which we know little. 

“We have Ukrainian friends in this country; neighbors, co-workers. Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny.

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“We — and the world — cannot allow that freedom just to be snuffed out. We cannot and will not just look away. It is because we have been so alarmed in recent months at the Russian intimidation that the U.K. became one of the first countries in Europe to send defensive weaponry to help the Ukrainians.

“Other allies have now done the same and we will do what more we can in the days ahead. Today in concert with our allies we will agree a massive package of economic sanctions designed in time to hobble the Russian economy. And to that end we must also collectively cease the dependence on Russian oil and gas that for too long has given Putin his grip on western politics.”

“Our mission is clear. Diplomatically, politically, economically — and eventually, militarily — this hideous and barbaric venture of Vladimir Putin must end in failure. And so I say to the people of Russia, whose president has just authorized a tidal wave of violence against a fellow Slavic people, the parents of Russian soldiers who will lose their lives. I cannot believe this is being done in your name or that you really want the pariah status it will bring to the Putin regime.

“And I say to the Ukrainians in this moment of agony we are with you, we are praying for you and your families, and we are on your side. And if the months ahead are grim, and the flame of freedom burns low I know that it will blaze bright again in Ukraine because for all his bombs and tanks and missiles I don’t believe that the Russian dictator will ever subdue the national feeling of the Ukrainians and their passionate belief that their country should be free.

“And I say to the British people and all who have heard the threats from Putin against those who stand with Ukraine we will of course do everything to keep our country safe,” Johnson concluded. “We are joined in our outrage by friends and allies around the world. We will work with them — for however long it takes — to ensure that the sovereignty and independence of Ukraine is restored because this act of wanton and reckless aggression is an attack not just on Ukraine.

“It is an attack on democracy and freedom in East Europe and around the world. This crisis is about the right of a free, sovereign independent European people to choose their own future and that is a right that the U.K. will always defend.”

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