UK announces new Russia sanctions: Outright ban on all outward investment to Russia, asset freeze on banks

In coordination with the US, the UK just announced new sanctions against Russia, imposing an outright ban on all new outward investment into the country, reported Reuters. The UK also imposed an asset freeze against Sberbank and Credit Bank of Moscow, steps which were taken in coordination with the US. The UK also added nine more listings to its Russian sanctions list, including three oligarchs.

For reference, the US earlier announced that it is "dramatically escalating" the financial shock on Russia by cutting off the country's largest banks