Update (1435ET): The UK has imposed sanctions on Russian President Vladimir Putin – freezing his assets for invading Ukraine according to Bloomberg.
CNN reports that the United States is expected to follow suit as soon as today.
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The EU is planning to freeze the assets of both Russian President Vladimir Putin and his foreign minister Sergei Lavrov under a new sanctions package being pushed through on Friday, according to FT, citing three people familiar with the matter.
The sanctions package is expected to be approved this afternoon, along with several measures to be taken against Russian industries and banks, said the people.
The new measures will not restrict Putin and Lavrov from traveling – indicating the EU’s willingness to maintain the possibility of diplomatic solutions to Russia’s actions in Ukraine.
FT reports that the matter was discussed by leaders late Thursday, with ‘a large number of them speaking in favor of the idea.’
Officially, Putin owns hardly any assets according to Bloomberg, which notes that his annual income is around 10 million rubles ($120,850), and he owns three cars and an apartment according to his most recent financial disclosure.
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