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min question first answered	2019-09-09T15:04:41.46Z
tabling member constituency	Thirsk and Malton
max date	2022-07-13
title	House of Commons Tabled Parliamentary Question 2022/23 28453

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1485077

human indexable

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05/07/2022

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30/06/2022

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30/06/2022

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30/06/2022 16:39:41

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Foreign, Commonwealth and Development Office

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Tabled

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208

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Foreign, Commonwealth and Development Office

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Foreign, Commonwealth and Development Office

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30/06/2022 16:46:40
05/07/2022 01:47:10

hansard heading

Russia: Sanctions

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28453

legislature

25259

	pref label	House of Commons

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question first answered

05/07/2022 01:47:07

question text

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if the Government will (a) impose an asset freeze against the Central Bank of Russia, (b) take steps to confiscate frozen assets and (c) issue a licence from the Treasury's Office of Financial Sanctions Implementation to enable the release of confiscated assets in order to support Ukraine in rectifying the damage to that country caused by the Russian invasion.

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2022/23

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Thirsk and Malton

tabling member printed

Kevin Hollinrake

title

House of Commons Tabled Parliamentary Question 2022/23 28453

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WrittenParliamentaryQuestion

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28453

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answer text

<p>We do not speculate on future sanctions. In conjunction with our partners, we have already blocked access to £275 billion of the Russian Central Bank's foreign currency reserves. We are considering all options on assets that have been seized and whether they can contribute towards to the reconstruction of Ukraine. Where assets are subject to an asset freeze, their release may be permitted through a licence from the Office for Financial Sanctions Implementation (OFSI). OFSI can only issue licences where there are specific and relevant licensing grounds enabling them to do so, and where the conditions in those grounds have been met in the relevant sanctions regulations. OFSI also has powers to issue general licences under such conditions as HM Treasury deems appropriate.</p>

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James Cleverly

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4366

	label	Biography information for James Cleverly

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4474

	label	Biography information for Kevin Hollinrake

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25259

	pref label	House of Commons

tabling member

4474

	label	Biography information for Kevin Hollinrake