The United Kingdom (UK) is working on new sanctions on Russia in the event of an escalation of the tension in connection with Ukraine, reports The Telegraph.
Officials have begun working on such sanctions aimed at weakening Russia's economy if the Kremlin moves forward.
The UK is considering a "nuclear" version of assistance that would remove Russia from the SWIFT international payment system.
In addition, the British Prime Minister Boris Johnson believes that these sanctions cannot exclude measures against the Nord Stream 2 pipeline carrying natural gas from Russia to Europe.
Johnson also plans to negotiate with other G7 countries’ leaders to complete the formation of a "sanctions coalition" to take targeted action against “oligarchs” who support the Russian president.