Overseas Investment: Russia
(asked on 31st March 2022) - View Source
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment her Department has made of the potential merits of introducing a complete ban on all new UK commercial investment in Russia.
This question was answered on 19th April 2022
On 6 April 2022, HM Government announced a ban on all new outward investment to Russia. UK investment in Russia was worth over £11 billion in 2020. This ban will be another major hit to the Russian economy and further limit their future capabilities.