Boris Johnson has announced the largest and most severe package of economic sanctions that Russia has ever seen.
The prime minister told the MPs that there would be more freezing of assets by the Russian government.
Aeroflot will not be allowed to land in the UK.
Russian forces launched an assault on Ukraine using air and ground forces.
Mr Johnson said that Russian President Putin would be condemned in the eyes of the world.
The prime minister has announced sanctions.
All major Russian banks will have their assets frozen and will be excluded from the UK financial system. This will stop them from accessing sterling and clearing payments through the UK. This includes a full and immediate freeze of VTB bank
Legislation will stop major Russian companies and the state from raising finance or borrowing money on UK markets
Asset freezes will be put on 100 new individuals or entities
Aeroflot will be banned from landing in the UK
There will be a suspension of dual-use export licences to cover components which can be used for military purposes
Within days the UK will stop exports of high-tech items and oil refinery equipment
There will be a limit on deposits Russians can make in UK bank accounts
He says there is potential to cut Russia out from the Swift international payment system and "nothing is off the table"
Similar financial sanctions will be extended to Belarus for its role in the assault on Ukraine
The UK will bring forward parts of the Economic Crime Bill before the Easter recess
