Mr Johnson met regulators and heads of top banks and financial sector industry groups to discuss the government's approach to sanctions against Russia after Moscow heightened fears of a full-scale invasion byThe government source said the prime minister told the meeting he wanted the"toughest possible next tranche" and that he thought it"will make a difference and change the outcome. Putin must fail".
Finance officials told Mr Johnson there was a"very clear sense of the direction of travel" from a"package well calibrated", the government source said. Separately, Bank of England Governor Andrew Bailey told lawmakers it was"absolutely important" that the sanctions are applied with rigour. The exposure of Britain's banking system to Russia is very low and there is no systemic threat to the financial system from the sanctions, Mr Bailey said.Mr Johnson also told Parliament on Wednesday that Britain will stop Russian companies from clearing in sterling and dollars.
Emotional public showmen... that is all or politicians are these days. Is anyone even playing 3D chess besides leaders in China or Russia the West needs to step it up. We need smart politicians who can keep up with foreign high IQ leaders. Especially in the WhiteHouse