Written Question·Treasury·UIN 4388
LetterOne: Sanctions
Tabled: 5 September 2024
Answered: 13 September 2024
Named DayQuestion
James Cartlidge
Conservative — South Suffolk
To ask the Chancellor of the Exchequer, whether she has made an assessment of the sanction compliance of LetterOne’s recent acquisition of a 15 per cent stake in Harbour Energy.
Answer
Tulip SiddiqThe UK’s financial sanctions regime is overseen by HM Treasury’s Office for Financial Sanctions Implementation (OFSI). OFSI’s position regarding the ownership and control status of LetterOne is that the entity is not subject to UK financial sanctions. In ...
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