UK warns Russia of sanctions on Kremlin-linked people, businesses

The sanctions allow Britain to freeze individual assets and ban individual from entering the United Kingdom.

LONDON: Britain will impose sanctions on businesses and people with the closest links to the Kremlin if Russia takes "further action" against Ukraine, a senior British official said on Monday.

Since the fall of the Soviet Union in 1991, London has become the pre-eminent global centre for a vast outflow of money from former Soviet republics.

Opponents of President Vladimir Putin, who has massed troops near Ukraine, have repeatedly called on the West to get tough How Western economic sanctions might target Russia on Russian money, though oligarchs and Russian officials continue to flaunt their wealth at Europe`s most luxurious destinations.