Joe Powell

Joe Powell

Labour — Kensington and Bayswater

Speaking in the House of Commons on 6 January 2025

Debate

Frozen Russian Assets: Ukraine

Contribution

I, too, thank the hon. Member for Tunbridge Wells (Mike Martin) for securing this important debate. This issue matters deeply to my constituents. Kensington and Bayswater is home to a thriving Ukrainian community and is a hub for Ukrainian institutions, from the embassy and the consulate to the social club and the school. But in Kensington, regrettably, we are also at the epicentre of Britain’s historical addiction to corrupt, kleptocrat wealth—we are in close competition with my hon. Friend the Member for Cities of London and Westminster (Rachel Blake) in that regard. In the wake of Putin’s full-scale invasion of Ukraine in February 2022, I co-founded the Kensington Against Dirty Money campaign, alongside local community campaigners, to expose the vast sums of illicit capital hidden in luxury property in our community. As has been said, that dirty money undermines democracy both at home and abroad, and for too long kleptocrats have been able to sidestep the rules and hoard illicit wealth through opaque corporate structures.

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