UK seeks to quicken sanctions process to increase pressure on Russia

A demonstrator holds a British flag during a protest against Russia's invasion of Ukraine, at Parliament Square in London, Britain, March 6, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) - Britain will seek to speed up its sanctions process on Monday via new legislation designed to allow ministers to tighten restrictions on Russian businesses and wealthy individuals.

The Economic Crime (Transparency and Enforcement) Bill is being pushed through parliament next week as Britain tries to punish those with links to Russian President Vladimir Putin in response to his invasion of Ukraine.