LONDON, April 5. /TASS/. More than 60% of Russia's foreign currency reserves to the tune of more than $350 billion have been frozen as a result of Western sanctions, the UK Foreign Secretary Liz Truss said after a meeting with her Polish counterpart Zbigniew Rau in Warsaw on Tuesday.
"'This week we will announce that we have frozen over $350 billion of Putin's war chest, making over 60% of the regime's $604 billion foreign currency reserves unavailable," Truss said.
"Our coordinated sanctions are pushing the Russian economy back to the Soviet era," she added.
The head of the Foreign Office also said that at a meeting of the Foreign Ministers of the Group of Seven (G7) countries scheduled for Thursday, London would call for the introduction of new sanctions measures against Russia, in particular, a ban on the entry of Russian ships into the ports of Western countries, "cracking down" on more Russian banks, distribution of restrictions on the Russian gold mining industry. In addition, the head of the British Foreign Office advocated "agreeing on a clear timetable to eliminate imports of Russian oil, coal and gas."
Truss stressed that the U.K. and Poland are close allies of Ukraine. "Through our trilateral agreements we are deepening our cooperation in areas like cyber security and making our energy supplies resilient," she said.