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Boris Johnson bans sterling clearing in bid to ‘exclude Russian banks from the UK financial system’
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fnlondon.comThe UK has banned Russia from accessing sterling clearing and payment systems as it steps up sanctions over the invasion of Ukraine.
The US will also take similar measures on dollar clearing, Prime Minister Boris Johnson told MPs on 24 February.
Clearing is required to safeguard assets until trades are finally settled. Without access to sterling...
Read more on fnlondon.comAbout this in other media
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No 10 expected to outline plans to cut use of Russian fossil fuels theguardian.com /2 years ago
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