Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty's Government what steps they are taking to reduce the time taken to sanction named Russian oligarchs.

The amendments to the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) in the Economic Crime Bill, to streamline the current legislation, will ensure the Government can designate groups of individuals more quickly, and enable the UK to align rapidly with designations imposed by our allies. An urgent designation procedure will enable the Foreign Secretary to swiftly designate individuals, entities and categories of persons designated by the EU, US, Canada, Australia and others.