Since the invasion of Ukraine, the UK has sanctioned 13 of Russia’s leading oligarchs.
Overall, more than 500 Russian individuals, entities and their subsidiaries across all sanctions regimes now sit on the UK’s sanctions list, according to the Foreign, Commonwealth and Development Office.
But Government sources have conceded that it could take “weeks and months” to build legally sound cases against wealthy and litigious targets.
Foreign Secretary Liz Truss will establish an Oligarch Taskforce of ministers and officials from departments including the Home Office, the Treasury and the National Crime Agency to co-ordinate sanctions and build cases against targets.
READ ALSO: City Council forced into embarrassing U-turn to halt unpopular Russian twin link
The Government has sanctioned the Russian Central Bank, and banned the Russian state and all Russian companies from raising funds in the UK.
The Government said it will also asset freeze every Russian bank.
Measures by the US and Europe, including a move to block some Russian banks from the SWIFT payment network and sanctions on the Central Bank of Russia, have already sent the rouble tumbling and kept the Moscow Stock Exchange closed.
Other actions include a ban on Russia’s flag carrier Aeroflot landing in the UK, as well as Russian private jets.
On March 1, the UK passed a law banning ships with “any Russian connection” from entering its ports.
The London Stock Exchange has suspended trading in 36 Russia-based companies.
READ MORE: Oxford twin city fuels Russia’s fight from the sky
Russian and Belarusian athletes have been banned from the Beijing Winter Paralympics after a U-turn from the International Paralympic Committee.
Formula One has cancelled this year's Russian Grand Prix and its contract with its Russia promoter.
The National Academy of Television Arts and Sciences (NATAS) has disqualified all submissions funded by the Russian government to the 2022 Emmy awards.
READ ALSO: Poll: should Oxford keep its link to Russian twin town Perm?
A growing number of major companies have cut ties with Russia.
They are: Disney, BP, Shell, Netflix, Mastercard and Visa, Ikea, Spotify, H&M, Canada Goose, Toyota, Honda, American Express, Apple, Nike, Snap Inc, Goldman Sachs, Direct TV, Adidas, BlackRock, General Motors, Harley Davidson, Sony, Warner Bros, Boeing, Dell, Meta, Twitter, Google, Delta Airlines, Tesla/Space X, Fedex/UPS, BP, Intel/AMD, Airbnb, Etsy, HSBC, NYSE/Nasdaq, Asos, Airbus and Exxon Mobil.
Culture Secretary Nadine Dorries hopes that TV watchdog Ofcom's 27 investigations into Kremlin-backed broadcaster RT, formerly Russia Today, means it will lose its licence to broadcast in the UK.
Google has removed Russian state-funded publishers including RT from its features and limited its Google Pay service.
The BBC is formally requesting that its Russian customers do not play out the remainder of hit programmes including Dancing With The Stars and The Green Planet.
UEFA moved the Champions League final, which will take place in May, to Paris having initially planned to hold the game in St Petersburg.
Spartak Moscow were also removed from the Europa League and UEFA has also terminated a sponsorship deal worth £33.5million a year with Russian energy company Gazprom.
FIFA eventually ruled that Russia will be suspended from international football, meaning the country will likely be excluded from this year's World Cup in Qatar.
Football's governing body was condemned for its initial decision to allow Russia to play, but under the name of Russian Football Union and at a neutral venue.
Follow us on Facebook, Twitter, Instagram and Tik Tok
Got a story for us? Send us your news and pictures here
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here