Question to the HM Treasury:

To ask His Majesty's Government, following their decision to impose sanctions on Georgian news channels Imedi TV and Post TV, whether they have advised London-listed Georgian banking institutions of the consequences of non-compliance with those sanctions.

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is the UK’s competent authority for the implementation of UK financial sanctions.

It is the responsibility of all UK persons, including companies, to comply fully with UK financial sanctions. OFSI does not routinely advise institutions on an individual basis of the consequences of non-compliance with UK financial sanctions.

OFSI does undertake regular industry engagement and publishes comprehensive guidance to ensure financial sanctions are understood and complied with effectively across a range of sectors, including the banking and financial sectors. OFSI will take proportionate enforcement action where it identifies breaches of UK financial sanctions.