New wave of sanctions for Russia as Liz Truss vows to starve Putins war machine

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Eight more oligarchs also went on the hitlist, including fertiliser tycoons Viatcheslav Kantor and Andrey Guryev, both strategically important to the Kremlin. Investment into Russia was banned, iron and steel imports outlawed and moves to block its oil and coal by the end of the year were formalised. Gas will follow as soon as possible.

Ms Truss said the package was “some of our toughest sanctions yet”.

And last night she warned Nato counterparts it was time to toughen up, adding: “The age of engagement with Russia is over.There is no time for false comfort. Russia is not retreating, but regrouping.”

She will carry a similar message to the G7 in Brussels today.

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