Sanctions: Trusts

(asked on 23rd March 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty's Government what consideration they have given to passing emergency legislation to prevent the use of trusts as a means of evading sanctions imposed on oligarchs.


Answered by
 Portrait
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 6th April 2022

We have been moving at pace to sanction those propping up Putin's regime. Our sanctions since the invasion cover more than 1,200 Russian and Belarussian individuals, entities and subsidiaries at the heart of, or supporting, Putin's regime. This includes travel bans and asset freezes applied to Russia's leading oligarchs, with a combined worth in excess of £100 billion. Measures taken so far are historic and are having a real impact on Putin and his war machine. Nothing and no one is off the table.

Reticulating Splines