British Prime Minister Boris Johnson has called for the world to prevent Russia using its gold reserves, ahead of a NATO summit on Moscow's invasion of Ukraine.

"We need to do more and so we need to do more economically," Johnson told LBC radio on Thursday, a month after Russian President Vladimir Putin launched his devastating invasion of Ukraine.

"Can we do more to stop him using his gold reserves, for instance, in addition to his cash reserves? What can we do more to sanction SWIFT?" he said, referring to the international bank transfer system.

Johnson said that as well as increasing military support to Ukraine, "we've got to go further" economically.

"My message today in NATO will be that there are ways in which the world can continue to intensify the pressure on Putin," he said.

"The more we do that now, the more pressure we apply now, particularly on things like gold, ... I believe the more we can shorten the war, shorten the slaughter in Ukraine," he said.

'Big mistake'

Also on Thursday NATO chief Jens Stoltenberg accused Russian President Vladimir Putin of making a "big mistake" by invading Ukraine, as leaders gathered to discuss overhauling the alliance's eastern defences. 

"President Putin has made a big mistake and that is to launch a war against an independent sovereign nation. He has underestimated the strength of the Ukrainian people, the bravery of the Ukrainian people and their armed forces," Stoltenberg said ahead of the summit. 

Stoltenberg said the leaders of the US-led military alliance would "address the need for a reset of our deterrence and defence in the longer term", starting with agreeing new deployments to eastern members Romania, Hungary, Slovakia and Bulgaria. 

NATO has already rushed tens of thousands of troops to its eastern flank in the wake of Russia's invasion to counter the threat of any spillover from the conflict into alliance countries. 

Ukrainian President Volodymyr Zelensky, whose country is not in NATO, is set to appeal for more weapons and greater intervention in a video address to leaders as he seeks to cajole the West into a tougher response. 

"We are waiting for meaningful steps. From NATO, the EU and the G7," Zelensky said ahead of the day of summits of all three organisations in Brussels. 

"At these three summits we will see: Who is a friend, who is a partner, and who betrayed us for money. Life can be defended only when united."

NATO leaders are vowing to bolster weapons deliveries to non-member Ukraine and supply protection against chemical and nuclear threats from Russia. 

But the alliance has rebuffed pleas from Kyiv to impose a no-fly zone to help halt Russia's onslaught for fear of getting dragged into a "full-fledged" conflict with Moscow. 

"We have a responsibility to ensure that this conflict does not escalate beyond Ukraine that will cause even more suffering, even more death, even more destruction," Stoltenberg said.

US President Joe Biden warned before heading to Europe of a "real threat" that the Kremlin could use chemical weapons in Ukraine.

Stoltenberg told journalists that "any use of chemical weapons would fundamentally change the nature of the conflict".

"It will be a blatant violation of international law, and it will have widespread and severe consequences."

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.