What sanctions could Russia face if it invades Ukraine?

Western countries have threatened a range of economic and financial sanctions against Russia if president Vladimir Putin gives the go-ahead to invade Ukraine, which the UK says is now already underway.

About 130,000 Russian troops have gathered on the Ukrainian border this winter, prompting frantic diplomatic efforts to prevent a war, with the likes of US secretary of state Antony Blinken, UK foreign secretary Liz Truss, French president Emmanuel Macron and German chancellor Olaf Scholz all visiting Moscow in the hope of persuading Mr Putin to pull back from the brink and avoid a return to Cold War hostilities.

But those efforts appear to have finally failed, with Russia moving to formally recognise the breakaway eastern regions of Donestk and Luhansk as independent states and move its own forces into those regions in the interest of “protecting” its allies.

UK defence secretary Ben Wallace said those areas have been “effectively annexed” from Ukraine while prime minister Boris Johnson has already promised that Russia will face a “barrage of sanctions”, which he is expected to unveil before Parliament on Tuesday, with the US and EU expected to take similar actions, probably targeting specific industries and businesses, as took place after the annexation of Crimea in 2014.

Russian foreign secretary Sergey Lavrov has so far dimissed the threats, declaring: “Our European, American, British colleagues will not stop and will not calm down until they have exhausted…

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