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Vladimir Putin has demanded the UK and its allies remove sanctions on Russia “without any conditions”, as the economic restrictions placed on the embattled country start to bite.

Kremlin spokesman, Dmitry Peskov, told reporters today: “Britain and other countries that encroached on Russian assets are obliged to unfreeze them immediately without any conditions.

“Otherwise, they violate all the norms and rules of both their domestic legislation and international law”.

According to the House of Commons library, 1,604 individuals and 228 entities are subject to UK sanctions under the Russia regime.

Further, the UK has targeted 130 Russian oligarchs with a net worth of £140 billion.

In March 2023, the Russian Elites, Proxies and Oligarchs (REPO) Task Force, which is made up of big-hitting global powers such as the US, the UK and Germany, said that they will “redouble” their efforts to make Russian President Vladimir Putin and his associates pay for their war in Ukraine.

REPO is a collaborative organisation between the US, Australia, Canada, Germany, Italy, France, Japan, the UK and the European Commission and was established in 2022 in order to watch out for sanctions evasion.