UK politics live: Boris Johnson under pressure from Tories and opposition MPs to go further on Russia sanctions

Latest updates: PM unveils sanctions on five Russian banks and three individuals

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According to a report by Lucy Fisher in the Telegraph, Russian oligarchs have been lobbying the Foreign Office in the hope of ensuring they avoid being hit by UK sanctions. Fisher says:

The flurry of correspondence from individuals and companies to the UK government undermines claims that the Kremlin is unfazed by the prospect of economic measures.

Earlier this month, Viktor Tatarintsev, Russia's ambassador to Sweden, claimed that Vladimir Putin doesn't give a s---" about sanctions as he attempted to pour scorn on the West's key strategy.