Financial Crime Financial Crime

Russian bank VTB subject to full asset freeze in UK following Ukraine invasion

By Fiona Maxwell and Martin Coyle
  • 24 Feb 2022 12:17
  • 24 Feb 2022 12:17
Russian bank VTB will be subject to a full asset freeze in the UK, Prime Minister Boris Johnson told Parliament today as he set out further sanctions in the wake of Russia’s invasion of Ukraine.

Johnson announced the “largest and most severe package Russia has ever seen,” including asset freezes and

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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