Britain will immediately impose hard economic sanctions on Russia after President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine, Prime Minister Boris Johnson said on Tuesday.
A Reuters witness saw tanks and other military hardware moving through the separatist-controlled city of Donetsk after Putin formally recognized the breakaway regions and ordered the deployment of Russian forces to "keep the peace."
"We will immediately institute a package of economic sanctions," Johnson told reporters.
"This is, I should stress, just the first barrage of U.K. economic sanctions against Russia, because we expect I'm afraid that there is more Russian irrational behaviour to come."
Johnson said he would set out the sanctions in the House of Commons, probably at around 12:30 GMT.
The sanctions, Johnson said, would be "targeted not just at entities in Donbass and Luhansk and Donetsk, but in Russia itself - targeting Russian economic interests as hard as we can."
Britain has threatened to cut off Russian companies' access to U.S. dollars and British pounds, blocking them from raising capital in London and to expose what Johnson calls the "Russian doll" of property and company ownership.
Russia's once mighty superpower economy is now smaller than Italy's based on IMF data, with a nominal GDP of around US$1.7 trillion.
Britain has not yet spelled out who would fall under the sanctions, but has pledged that there would be nowhere for Russian oligarchs to hide. Johnson has said targets could include Russian banks.
"They will hit Russia very hard," Johnson said. "Be in no doubt that if Russian companies are prevented from raising capital on U.K. financial markets, if we unpeel the facade of Russian ownership of companies, of property, it will start to hurt."
Hundreds of billions of dollars have flowed into London and Britain's overseas territories from Russia since the fall of the Soviet Union in 1991, and London has become the Western city of choice for the super-wealthy of Russia and other former Soviet republics.
Putin will find he has "gravely miscalculated," Johnson said, adding that Moscow appeared to be bent on a full scale invasion of its former Soviet neighbour.
Johnson chaired a meeting of Britain's national emergency security committee early on Tuesday.
"I think that the tragedy of the present situation is that President Putin has surrounded himself with like-minded advisers who tell him that Ukraine is not a proper country. And I think that he is going to find that he has gravely miscalculated," Johnson told reporters after the meeting.
Russia's actions in Ukraine has created a situation as grave as the 1962 Cuban missile crisis when a confrontation between the United States and the Soviet Union brought the world to the brink of nuclear war, Johnson's health minister said.
"You can conclude that the invasion of Ukraine has begun," British Health Secretary Sajid Javid told Sky News. "The Russians, President Putin, has decided to attack the sovereignty of Ukraine and its territorial integrity."
The Cuban missile crisis erupted in 1962 when the Soviet Union responded to a U.S. missile deployment in Turkey by sending ballistic missiles to Cuba.
(Reporting by Kylie MacLellan; writing by Guy Faulconbridge; editing by Kate Holton and Jane Merriman)
In part three of a four-part investigation into the seedy underbelly of the lucrative clothing donation bin industry, CTV W5's Jon Woodward and Joseph Loiero look into allegations that the industry is rife with organized crime activity.
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Montreal Mayor Valerie Plante announced Wednesday she would not seek a third mandate. Her decision has many talking about the demands of municipal leadership, particularly for women.
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Prime Minister Justin Trudeau says the Liberal party is 'strong and united,' despite efforts from within his caucus to oust him as leader.
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Abousfian Abdelrazik told a court Wednesday about the roller-coaster of emotions he experienced during the tense days of early 2009 when he awaited the green light to return to Canada from Sudan.
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The president and CEO of New Brunswick-based Covered Bridge Potato Chips is taking an 'extended leave of absence' after being charged with domestic violence this past weekend.
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Trash carried by a North Korean balloon fell on the presidential compound in central Seoul on Thursday, officials said, the second such case in recent months that raise concerns about the vulnerability of key South Korean sites during potential North Korean aggression.
Turkiye’s air force struck Kurdish militant targets in Iraq and Syria on Wednesday in apparent retaliation for an attack at a key state-run defence company that killed five people and wounded more than a dozen others.
The Justice Department warned Elon Musk’s America PAC in recent days that his US$1 million sweepstakes to registered voters in swing states may violate federal law, people briefed on the matter told CNN.
If you’re a regular visitor to Walt Disney World, your annual passes are going to cost you more. The resort in Orlando, Fla., hiked prices on all four levels of its passes on Wednesday.
Three people were found dead Wednesday and four others were hospitalized after an 'unexplained' incident at a care home in southern England, police said.
The U.S. said Wednesday that 3,000 North Korean troops have deployed to Russia and are training at several locations, calling the move very serious and warning that those forces will be 'fair game' if they go into combat in Ukraine.
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Prime Minister Justin Trudeau says the Liberal party is 'strong and united,' despite efforts from within his caucus to oust him as leader.
A debate has ground work in the House of Commons to a halt for weeks, but a new poll suggests that most Canadians are not even aware it's happening.
McDonald’s worked Wednesday to reassure customers that its U.S. restaurants are safe as federal investigators tried to pinpoint the cause of a deadly E. coli outbreak linked to the fast-food giant's Quarter Pounder hamburgers.
A quick shake of the head after a hard hit could signal that a person has a concussion, a new study suggests, based on the experiences of young athletes.
A recall has been issued for certain clothing items sold at Giant Tiger stores over high levels of lead, according to a notice published by Health Canada Tuesday.
Vancouver Fire Rescue Services received its first shipment of new firefighting gear on Wednesday, advancing the department's plans to reduce cancer risk for its members.
Officials in Hong Kong said Wednesday they have discovered dinosaur fossils in the city for the first time on a remote, uninhabited island that's part of a geopark.
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Canada's discount airline is suspending operations to and from Saskatoon.
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Starbucks Corp suspended its forecast through the next fiscal year as new CEO Brian Niccol looks to turn around the coffee giant struggling with falling demand for its pricey drinks.
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Evan Mobley had 25 points and eight rebounds to lead the Cleveland Cavaliers to a 136-106 rout in Toronto's home opener on Wednesday as the Raptors also lost starting point guard Immanuel Quickley.
Former 'Malcolm in the Middle' star Frankie Muniz is set to continue his NASCAR career with a full-time ride in the Truck Series for 2025.
An increased risk of fire has prompted the recall of thousands of Honda hybrid vehicles in Canada.
A senior executive for Volkswagen in China has been deported for allegedly using cocaine and marijuana while on vacation in Thailand, according to Chinese authorities and German media reports.
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Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.
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Hortense Anglin was the oldest graduate to make her way across the platform at York University's Fall Convocation ceremony this week. At the age of 87, she graduated with an Honours degree in Religious Studies.
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He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
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The Windsor Jewish Federation responded on Wednesday evening to a decision by the board of governors for the University of Windsor concerning its agreements with pro-Palestinian protesters.
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Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.
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At 2 p.m. on Thursday, the scene at the Lions Club in Clarenville, N.L., rivalled any rowdy St. John's bar that thumps with music late on a weekend night.
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