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UK need to contend with Russian money in the City, Johnson says

Forex21 hours ago (Feb 20, 2022 05: 20AM ET)

© Reuters. FILE PHOTO: The City of London monetary district is viewed as folk scramble over Millennium Bridge in London, Britain, February 16, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) – Britain has a vow with Russian money funnelling thru the City of London and it’d be dealt with, Top Minister Boris Johnson said on Sunday.

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

“We have faith got a vow with Russian money in town,” Johnson urged the BBC. “We have faith obtained to address that.”

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