The United Kingdom is set to sanction 100 people and entities as part of further sanctions against Russia, UK Prime Minister Boris Johnson announced on Thursday afternoon.
In a speech to the UK parliament, the prime minister said the UK is announcing the "largest and most severe package of sanctions that Russia has ever seen."
An asset freeze will be imposed on Russian state bank VTB, Johnson said, following the sanctioning of five Russian banks on Tuesday.
"These powers will enable us totally to exclude Russian banks from the UK financial system," Johnson remarked.
Russian state and private companies will also be prevented from "raising funds in the UK, banning dealing with their securities and making loans to them."
A hundred people and entities will have their assets frozen, Johnson said, adding that this includes "all the major manufacturers that support Putin's war machine."
"Sanctions will also be applied to Belarus for its role in the assault on Ukraine," Johnson added.
As far as international finance is concerned, Johnson said "nothing is off the table" when it comes to shutting off Russia’s access to SWIFT, the high-security payment network.
The UK is also hoping to bring in legislation "early next week" to ban the export of all dual use items to Russia, Johnson said, including a "range of high end and critical technological equipment and components in sectors including electronics, telecommunications, and aerospace."
Johnson stressed that these sanctions will "constrain Russia's military, industrial and technological capabilities for years to come."
The UK will also ban Russia's national carrier, Aeroflot, and bring forward measures on unexplained wealth orders from the Common Crime Bill, Johnson said.
A new dedicated kleptocracy cell in the UK's National Crime Agency will be established "to target sanctions, evasion and corrupt Russian assets hidden in the UK," Johnson continued.
"We will continue on a remorseless mission to squeeze Russia from the global economy, piece by piece, day by day and week by week," Johnson told lawmakers.
The UK will carry out a "steadfast mission" to ensure that Putin's "squalid adventure" fails, Johnson stressed.
Johnson said it is now clear that the Russian president was "always determined to attack his neighbor no matter what we did."
"Now we see him for what he is, a blood-stained aggressor," Johnson remarked.