banning dealing with their securities and making loans to them. we will limit the amount of money that russian nationals will be able to deposit in their uk bank accounts and sanctions will also be applied to belarus for its role in the assault on ukraine. overall, we will be imposing asset freezes on more than 100 new entities and individuals on top of the hundreds we have already announced. this includes all the major manufacturers that support putin s war machine. furthermore, we are also banning aeroflot from the uk. on top of these financial measures and in full concert with the united states and eu, we will introduce new trade restrictions and stringent export controls similar to those that they in the us are implementing. we will bring forward new legislation to ban
you wonder if that invitation may have been withdrawn anyway. here s chris weafer a former chief strategist at russia s largest bank talking to us from moscow. you are beginning to see a little bit of queuing and some grocery stores, particularly people buying goods that they think might come in short supply due to trade restrictions or may be subject to big price increases because of the rouble devaluation. meanwhile, turkey says that it will block warships from the key. bosphorus and dardanelles straits in line with a convention that gives it control over the passage of military vessels in the strategic area. the 1936 convention gives ankara some control over the movement of warships in the straits. the bosphorus connects the sea of marmara with the black sea, while the dardanelles connect it with the aegean sea. breaking news with regard to media sanctions. yes it if you watching
hundreds of billions of pounds worth of foreign reserves from abroad including here in the uk. that means the central bank will no longer be able to support its own currency, the rouble, which is already haemorrhaging value. for ordinary russians, it means, at the very least, higher prices for everyday goods, and they can no longer be insulated from the effects of the war in ukraine. a wave of other sanctions has been imposed over the past week. there has been a clampdown on russia s banks reducing their access to funding. exports of key technology to russia have been banned. and there have been measures designed to hit the country s leaders personally, freezing their overseas wealth and denying them visas. you are beginning to see a little bit of queueing in some grocery stores. people buying some goods they think might become in short supply due to trade restrictions, or may be subject to large price increases because of the rouble devaluation.
visas. you are beginning to see a little bit of queueing visas. you are beginning to see a little bit of queueing in visas. you are beginning to see a little bit of queueing in some i little bit of queueing in some grocery stores. the decree people buying some goods they think might become in short supply to trade restrictions, or may be subject to crack price increases because of the rouble devaluation. but crack price increases because of the rouble devaluation. rouble devaluation. but none of these measures rouble devaluation. but none of these measures it rouble devaluation. but none of these measures it russia s i rouble devaluation. but none of i these measures it russia s lucrative exports of oil and gazza and that could limit their effectiveness. if could limit their effectiveness. if you look at the russian economy it is largely you look at the russian economy it is largely dominated by sending oil and natural gas to europe. so long as we and natural gas to europe.
i ve heard that france is adding more sanctions to russia. reporter: that s right. so the european finance ministers actually met this morning and approved a new round of sanctions against russia. it will target more than 600 russian oligarchs, lobbyists, people influential over the kremlin according to the french finance minister and it will revoke most favored status from russia, imposing new trade restrictions between the e.u. and russia. it will ban the export of luxury goods. and it will also restrict the import of certain materials in the steel sector from russia into the european union. finally, importantly, it will also ban new investments by the european union in russia s energy sector. obviously a very strong move there because they recognize that the energy sector inside russia is among the most