Xinjiang: Overseas Companies
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether he has considered secondary sanctions on UK-based financial institutions that continue to (a) underwrite, (b) trade and (c) market securities issued by Xinjiang Production and Construction Corps subsidiaries listed in Hong Kong.
Answered by Catherine West
In March 2021, the UK, along with international partners, imposed sanctions relating to human rights abuses in Xinjiang, including sanctions against Xinjiang Production and Construction Corps. 'Secondary sanctions' can be understood in different ways. UK sanctions apply and are enforced only in relation to UK nationals and entities (wherever they are in the world) and to any activity in the UK or its territorial sea. Consistent with this approach, and across diverse contexts, we continue to keep any potential future sanctions under review.
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