Russia: Sanctions
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent assessment he has made of the effectiveness of UK sanctions against (a) individuals and (b) entities connected to the Russian Federation; and what steps he is taking to ensure robust enforcement of those sanctions (i) domestically and (ii) in coordination with international partners.
Answered by Stephen Doughty
Our sanctions have deprived Russia of at least $450 billion since February 2022. The Russian economy is battling high and rising inflation. High interest rates have made Russian government borrowing extremely costly. This Government is committed to ensuring robust sanctions enforcement. To this end, with the support of Ministerial colleagues, I launched the cross-government review of sanctions at the first Small Ministerial Group on enforcement in October. The review concluded in April and Parliament will shortly be updated on the review conclusions. The UK continues to work with our international partners to share best practice on sanctions enforcement and to ensure that a joined-up approach to enforcement is adopted internationally.
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