LONDON, 14 May 2022, (TON): Foreign Secretary Liz Truss is announcing fresh sanctions on Putin’s ‘wallet’ of family and friends, those whom he rewards with state positions and wealth in return for their undying loyalty.

Official records list modest assets for President Putin including: a small flat in St Petersburg, 2 Soviet-era cars from the 1950s, a trailer, and a small garage.

In reality, Putin relies on his network of family, childhood friends, and selected elite who have benefited from his rule and in turn support his lifestyle.

Their reward is influence over the affairs of the Russian state that goes far beyond their formal positions.

Sanctions will hit this cabal who owe Putin their wealth and power, and in turn support Putin and his war machine.

Foreign Secretary Liz Truss said “we are exposing and targeting the shady network propping up Putin’s luxury lifestyle and tightening the vice on his inner circle. We will keep going with sanctions on all those aiding and abetting Putin’s aggression until Ukraine prevails.”