Written Question
Wednesday 9th November 2022
Asked by:
Jonathan Djanogly (Conservative - Huntingdon)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what the cost is of maintaining and servicing assets seized under the sanctions regime related to Russia's invasion of Ukraine.
Answered by Andrew Griffith
- Shadow Secretary of State for Business and Trade
HM Treasury does not have powers to seize assets under the Russia sanctions regime, and so incurs no costs in maintaining or servicing assets.
The Office of Financial Sanctions Implementation, part of HM Treasury, is responsible for implementing financial sanctions in the UK. Where the financial sanction is an asset freeze, it is generally prohibited to:
• deal with the frozen funds or economic resources, belonging to or owned, held or controlled by a designated person
• make funds or economic resources available, directly or indirectly, to, or for the benefit of, a designated person
• engage in actions that, directly or indirectly, circumvent the financial sanctions prohibitions
The funds and economic resources are to be frozen immediately by the person in possession or control of them. An asset freeze does not involve a change in ownership of the frozen funds or economic resources, nor are they confiscated or transferred to HM Treasury for safekeeping.
Speech in Westminster Hall - Tue 02 Jul 2019
Religious Slaughter of Farm Animals
"I am trying to look at the consistency of what my hon. Friend has said. He has acknowledged that, as far as Jewish koshering laws are concerned, the animal has to be killed in a certain way, and certain parts of the animal are not allowed. He started by saying …..."Jonathan Djanogly - View Speech
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Speech in Commons Chamber - Mon 22 Oct 2018
EU Customs Union and Draft Withdrawal Agreement: Cost
"When looking at the customs union, would it not also be wise to look at the significant benefits of being in a trading bloc of 500 million people that has delivered wealth through some 40 FTAs with some 70 countries—agreements that the Government have already said they wish to adopt …..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: EU Customs Union and Draft Withdrawal Agreement: Cost
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill
"Are we not seeing here an insertion of further red lines when we have enough of them already?..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill
"rose—..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill
"rose—..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill
"rose—..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill
"Will my right hon. Friend give way?..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: Taxation (Cross-border Trade) Bill
Speech in Commons Chamber - Mon 16 Jul 2018
Taxation (Cross-border Trade) Bill
"Let me start by saying that, to my mind, the European Research Group’s amendments are clearly aimed at restricting the Government’s ability to negotiate, if indeed they are compatible with the White Paper at all—a White Paper that I support. Amendment 73 and new clause 36 certainly fall into that …..."Jonathan Djanogly - View Speech
View all Jonathan Djanogly (Con - Huntingdon) contributions to the debate on: Taxation (Cross-border Trade) Bill
Written Question
Thursday 29th March 2018
Asked by:
Jonathan Djanogly (Conservative - Huntingdon)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether the Government plans to underwrite competitive grant awards made during the transition period by the European Commission to UK organisations including universities participating in Horizon 2020.
Answered by Elizabeth Truss
Subject to an overall withdrawal agreement being reached with the EU, UK people and organisations will be able to bid for grant funding, participate in and lead consortia in Horizon 2020 and other EU programmes during the implementation period. They will continue to participate in programme projects until their final closure. This includes the tail of Horizon 2020 projects that continue beyond 2020.
If no overall agreement is reached, the UK government will guarantee the payment of awards where UK people and organisations successfully bid directly to the European Commission on a competitive basis for EU funding projects while the UK remains an EU member. This will include Horizon 2020 projects.