LIZ Truss has a “hit list” of Vladimir Putin’s pals to whack with asset freezes, travel bans and sanctions should Russia invade.

The Foreign Secretary has an international package of penalties ready to go within days should Kremlin troops cross into Ukraine.

Liz Truss said: 'It will be a cost to Russia if they invade Ukraine, in terms of the cost of a long-running war, but also the sanctions'

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Liz Truss said: ‘It will be a cost to Russia if they invade Ukraine, in terms of the cost of a long-running war, but also the sanctions’Credit: PA

It means hundreds of wealthy Russians face being locked out of Britain.

She said: “It will be a cost to Russia if they invade Ukraine, in terms of the cost of a long-running war, but also the sanctions.”

They would be severe, she said, and target oligarchs and firms across Russia.

Boris Johnson said Putin must be made to see the economic and political consequences of an invasion.

Referring to Russia’s gas pipeline supplying Europe, he said: “All European countries need to get Nord Stream out of the bloodstream, yank out that hypodermic drip feed of Russian hydrocarbons that’s keeping so many European economies going.

“We need to find alternative sources of energy and we need to get ready to impose some very, very severe economic consequences on Russia.”

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