As I said, the UK has been out in front in offering military support to Ukraine, and I am grateful for what the right hon. and learned Gentleman said yesterday about the need to make sure we keep ammunition in reserve for what could be a protracted struggle over this issue.
Let the House be in no doubt about the extent of the package set out yesterday and about what we are already doing, because I do not think people quite realise that the UK is out in front. We have sanctioned 275 individuals already, and yesterday we announced measures that place banks worth £37 billion under sanctions, in addition to more oligarchs. There is more to come. We will be stopping Russia raising sovereign debt, and we will be stopping Russian companies raising money or, as I said yesterday, even clearing in sterling and dollars on international markets.
That will hit Putin where it hurts, but it is vital that, after this first barrage, we work in lockstep with friends and allies around the world to squeeze him simultaneously in London, Paris and New York. Unity is absolutely vital.