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UK PM Calls For Action Against Russian Gold Reserves

Britain’s Prime Minister Boris Johnson speaks from 10 Downing Street, in London, on February 24, 2022 during an address to the nation on Russia’s invasion of Ukraine. Boris Johnson, who summoned his security chiefs for an early morning meeting in response to Russia’s “unprovoked” and “horrific” attack, will also address parliament in the afternoon. Jeff J Mitchell / POOL / AFP

 

British Prime Minister Boris Johnson called on Thursday for the world to prevent Russia from using its gold reserves, ahead of a NATO summit on Moscow’s invasion of Ukraine.

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“We need to do more and so we need to do more economically,” Johnson told LBC radio a month after Russian President Vladimir Putin launched his devastating invasion of Ukraine.

“Can we do more to stop him using his gold reserves, for instance, in addition to his cash reserves? What can we do more to sanction SWIFT?” he said, referring to the international bank transfer system.

Johnson said that as well as increasing military support to Ukraine, “we’ve got to go further” economically.

“My message today in NATO will be that there are ways in which the world can continue to intensify the pressure on Putin,” he said.

“The more we do that now, the more pressure we apply now, particularly on things like gold, … I believe the more we can shorten the war, shorten the slaughter in Ukraine,” he said.

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Written by PH

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