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Reuters
Reuters
Business
Tom Balmforth, Polina Nikolskaya and Steve Holland

West unveils sanctions with more ready if Russia launches full-scale Ukraine invasion

A tank drives along a street after Russian President Vladimir Putin ordered the deployment of Russian troops to two breakaway regions in eastern Ukraine following the recognition of their independence, in the separatist-controlled city of Donetsk, Ukraine February 22, 2022. REUTERS/Alexander Ermochenko

Western nations and Japan on Tuesday punished Russia with new sanctions for ordering troops into separatist regions of eastern Ukraine and threatened to go further if Moscow launched an all-out invasion of its neighbour.

The United States, the European Union, Britain, Australia, Canada and Japan announced plans to target banks and elites while Germany halted a major gas pipeline project from Russia in one of the worst security crises in Europe in decades.

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