Ukraine

Emily Thornberry Excerpts

Wednesday 15th October 2025 Commons Chamber

[Madam Deputy Speaker]

I call the Chair of the Foreign Affairs Committee.

[Emily Thornberry (Islington South and Finsbury) (Lab)]

I begin by publicly welcoming the Foreign Secretary to her new post, and by echoing her comments about the previous Foreign Secretary. I also welcome her commitment to finally using the Russian frozen assets. I hope that the situation will be resolved soon, because those assets are needed for the defence and reconstruction of Ukraine.

I am pleased to see that the Foreign Secretary is going to take further advantage of Britain’s unique sanctions regime by extending it against Russian individuals and companies, but she knows—perhaps better than most, given her previous experience—that a regime is only as good as its enforcement, and there are times when doors need to be kicked down. It worries me that officials from the Office of Financial Sanctions Implementation told the Treasury Committee a year ago that they had issued only one £15,000 fine against a British business for engaging with a sanctioned individual. How many British businesses have faced financial penalties for direct or indirect breaches of sanctions on Russia or the Russian state since then, and what has been the value of those fines?

[Yvette Cooper]

I welcome the point that the Chair of the Foreign Affairs Committee has raised, and I thank her for her considerable work and expertise, and thank the Committee for its work in this area. As she will know, the Foreign Office sets out the framework for sanctions and then works with the Treasury on enforcement. Following the publication of the cross-Government review on enforcement in May, the Government are committing to stronger action to make compliance easier, but also to deter non-compliance, and to ensuring proper enforcement.

I am advised that so far in 2025, Office of Financial Sanctions Implementation penalties have totalled over £900,000, and there has been a £1.1 million compound settlement with His Majesty’s Revenue and Customs. In April, the National Crime Agency secured the first convictions for breaches of Russian financial sanctions, but I am happy to work with the Chancellor to ensure that my right hon. Friend has any further information that she wants on that topic.