The UK government is preparing to sanction hundreds of individuals linked to Vladimir Putin as parliament fast-tracks legislation on Monday designed to crack down on the flow of “dirty money” into the country.
The long-awaited economic crime bill, brought forward on an emergency timetable after the Russian president ordered the invasion of Ukraine, will enable Britain to mirror sanctions already imposed by the EU and US through an urgent designation procedure.
Officials confirmed passing the bill would allow hundreds of individuals to be named as part of a “significant” sanctions package that foreign secretary Liz Truss plans to announce as early as Tuesday.
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