Sanctions: Russia
The question
To ask the Chancellor of the Exchequer, what economic steps she has taken against Russia since its invasion of Ukraine.
Answered by Lucy Rigby
We have stood shoulder to shoulder with the people of Ukraine and against Putin’s illegal invasion. This government has significantly increased our economic pressure on Russia. This includes our recent sanctions against Lukoil and Rosneft last October, which means the largest Russian oil companies are now sanctioned. This action was closely followed by the US. We also recently announced a maritime services ban on Russian Liquefied Natural Gas (LNG), in parallel with the EU, which will ban the involvement of UK service providers in the global trade of Russian LNG. We will use all the economic tools at our disposal to stand up for what is right.
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