Sir Iain Duncan Smith

Conservative — Chingford and Woodford Green

Speaking in the House of Commons on 15 October 2025

Debate

Contribution

I am the chairman of the all-party parliamentary group on Magnitsky sanctions and reparation, and we have encouraged the last Government and the present Government to be much more aggressive about their sanctions regime. When we look at the number of people who have been sanctioned, it does not compare to what the United States and many others have done. First, it is long overdue that the whole business of the money from the Chelsea sale was settled; it beggars belief that we have not managed to get that one done. I agree with my right hon. Friend the Prime Minister—the ex-Prime Minister, rather; some of us live in hope. The shadow fleets could easily be attacked by sanctioning British marine insurers who have insured those ships. Without that insurance, they will not be put to sea because they will have no financial backing for it. Why we have not done that up until now is a complete mystery to me. That is surely something we should get on with straightaway, because we can act on it immediately.

More from Sir Iain Duncan Smith

Other recent Hansard contributions by the same speaker.

View Sir Iain Duncan Smith's full report card →

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Sir Iain Duncan Smith's full parliamentary record including voting history, expenses and all other contributions, see the Sir Iain Duncan Smith report card.