Question to the HM Treasury:

To ask Her Majesty's Government whether they have encouraged the Bank of England to make representations to the Bank of International Settlements in order to ensure that the Bank of International Settlements is not used to circumvent sanctions on Russia; if so, whether they are aware of any such representations; and if not, whether they will ask the Bank of England to make such representations.

The government and Bank of England have cooperated closely in implementing sanctions on Russia and will continue to do so. The Bank of England has engaged with the Bank of International Settlements (BIS). The BIS has suspended access of the Central Bank of Russia to all BIS services, meetings and other BIS activities.