Written Question·Foreign, Commonwealth and Development Office·UIN 4500
Russia: Sanctions
Tabled: 5 September 2024
Answered: 17 September 2024
Question
Mike Martin
Liberal Democrat — Tunbridge Wells
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what his policy is on the ownership of interests in UK oil and gas companies by sanctioned Russians.
Answer
Stephen DoughtyIf the UK sanctions an individual, their UK assets are frozen. Sanctioned individuals cannot access frozen funds or obtain any financial benefit (including from ownership of interests in UK companies) without HMT/OFSI granting a licence.Additionally, the ...
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