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The Earl of Effingham (Con)

Speaking in the House of Lords on 15 May 2025

Debate

Sanctions Implementation and Enforcement

Contribution

My Lords, I quote David Lammy, who correctly said that we have to act quickly, and that “I believe we should move from freezing assets to seizing assets”.—[Official Report, Commons, 25/2/25; col. 626.] That was in February of this year. The noble Lord, Lord Purvis of Tweed, correctly asked, “What are we doing to start using these assets”? We have £25 billion. The Minister said that we are continuing to look at this. I appreciate that, clearly, we have to respect the law, but that is a lot of assets and a considerable amount of time has already passed since David Lammy made those comments. Are the best legal minds—and we have many of those in this country—looking at this? What are the real barriers? Surely, that would help the Ukrainians, who need the funding.

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