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Reuters
Reuters
Business

UK must deal with Russian money in the City, Johnson says

Russia Boris Johnson Britain City of London London
FILE PHOTO: The City of London financial district is seen as people walk over Millennium Bridge in London, Britain, February 16, 2022. REUTERS/Henry Nicholls

Britain has an issue with Russian money funnelling through the City of London and it must be dealt with, Prime Minister Boris Johnson said on Sunday.

Johnson has threatened to impose harsh sanctions on Russia if it invades Ukraine, with Russian companies blocked from raising capital on financial markets, and the ownership of companies and properties revealed.

"We have an issue with Russian money in the city," Johnson told the BBC. "We've got to deal with that."

(Reporting by Kate Holton; editing by Guy Faulconbridge)

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