That's according to British Foreign Secretary Liz Truss, Ukrinform reports, citing Reuters.
Britain and other Western nations are using economic sanctions to cripple the Russian economy and punish President Vladimir Putin for invading Ukraine, seeking to press him to abandon what he calls a special military operation to demilitarize and "denazify" Ukraine.
"What we know is that Russia signed up to multiple agreements they simply don’t comply with. So there needs to be hard levers. Of course, sanctions are a hard lever. Those sanctions should only come off with a full ceasefire and withdrawal, but also commitments that there will be no further aggression. And also, there’s the opportunity to have snapback sanctions if there is further aggression in future. That is a real lever that I think can be used," Truss said.
The British government says it has so far imposed sanctions on banks with total assets of 500 billion pounds ($658.65 billion) and oligarchs and family members with a net worth of more than 150 billion pounds.
On February 24, Russian President Vladimir Putin announced the beginning of an all-out invasion of Ukraine. Russian troops have been shelling and destroying critical infrastructure, residential neighborhoods of Ukrainian cities and villages using artillery, multiple rocket launchers and ballistic missiles.