Written Question·Treasury·UIN 192206

Sanctions

Tabled: 3 July 2023
Answered: 10 July 2023

Question

Charlotte Nichols

LabourWarrington North

To ask the Chancellor of the Exchequer, what recent assessment he has made of the effectiveness of the UK’s financial sanctions regime.

Answer

John Glen
The Government undertakes extensive assessment of the effectiveness of the sanction regimes, which are eroding Russia’s financial base. The UK has sanctioned 28 Russian banks covering over 80% of Russia’s banking sector, frozen £18bn of Russian assets and...

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