West must hit Russian economy even harder, says Liz Truss

UK foreign secretary reveals Moscow now cannot access 60% of foreign currency reserves

The west has frozen more than $350bn (£266bn) of Russia’s $604bn foreign currency reserves, Liz Truss said on Tuesday.

Britain’s foreign secretary revealed on the second day of her visit to Warsaw that 60% of Moscow’s reserves were now unavailable to it, slightly higher than recent calculations. It follows US Treasury moves on Monday to make it harder for Russia to pay back its dollar-denominated debt.