Sanctions: Russia

(asked on 10th May 2022) - View Source

Question to the Home Office:

To ask the Secretary of State for the Home Department, if she will take steps to ensure that Russian oligarchs who sold assets prior to sanctioning by the UK Government are held to account.


Answered by
Damian Hinds Portrait
Damian Hinds
Minister of State (Education)
This question was answered on 17th May 2022

We, working under an FCDO-led designation regime, have sanctioned an unprecedented and world-leading number of oligarchs linked to the Kremlin-regime with implementation of financial sanctions led by the Office of Financial Sanctions Implementation in HM Treasury and criminal investigations led by the National Crime Agency.

We have established a Combatting Kleptocracy Cell in the NCA which will target corrupt oligarchs and their associates through their assets hidden in the UK, target the professional enablers of these corrupt oligarchs and support HMG sanctions delivery and enforcement.

The UK is also working with international partners to ensure there is nowhere for dirty Russian money to hide, including through the Russian Elites Proxies and Oligarchs (REPO) Task Force, which brings together international partners to ensure the effective enforcement of financial sanctions implemented against Kremlin-linked elites and entities.

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