Russia: Oil
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to his oral contribution in response to the question from the hon. Member for Bicester and Woodstock on 26 November 2024, Official Report, column 631, what the value is of fines that have been (a) levied and (b) paid following a breach of sanctions in relation to oil exports from Russia since 5 February 2023.
Answered by Stephen Doughty
The Government is committed to strengthening sanctions enforcement. I launched a cross-Government review to ensure we have the right powers, approach, capacity and resourcing on sanctions enforcement. The Office of Financial Sanctions Implementation is the UK's competent authority responsible for the implementation of the UK's ban on the maritime transportation of Russian oil and oil products and associated services. The Department for Business and Trade implemented the UK ban of Russian oil and oil products and HMRC are responsible for its enforcement. No fines have been issued for violations of either measure. The Foreign Secretary recently announced a new wave of sanctions to choke Russian oil revenues: [https://www.gov.uk/government/news/uk-imposes-new-wave-of-sanctions-choking-russian-oil-revenues-with-foreign-secretary-arriving-in-italy-for-g7]
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