UK PM Boris Johnson on Wednesday announced that the UK would be stopping Russian companies from clearing in GBP or USD in UK markets, according to Reuters. Johnson added that the UK will shortly be providing further military support to Ukraine in the form of lethal defensive weapons. Unity on sanctions is vital, Johnson emphasised. 

The UK PM also said that he had asked his culture minister to ask media regulators to review Russia Today's broadcast license. Recent press reports suggest that the UK culture minister has subsequently asked UK media regulators to take"timely and transparent" action against the Russia state-owned broadcaster, amid concern its may seek to spread "harmful disinformation". 

Market Reaction

Markets have not reacted to the latest announcements from UK PM Boris Johnson.