Cayman Islands: Russia
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions he has had with his counterpart in the Cayman Islands on the effectiveness of (a) the implementation of sanctions against Russia and (b) the delivery of Operation Hektor.
Answered by Stephen Doughty
The effective implementation of sanctions against Russia is a UK Government priority. The British Overseas Territories' critical role was discussed at the November 2024 Overseas Territories Joint Ministerial Council. I also thanked the Premier of the Cayman Islands for their continued collaboration, where Cayman has frozen assets worth approximately US$8.35 billion. Operation Hektor coordinates sanctions work across the Cayman Islands Government and is an excellent example of best practice. We recently convened sanctions experts from across the Overseas Territories to share best practice and strengthen collective efforts.
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