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answer › answer text	%3Cp%3EWe do not speculate on future sanctions. In conjunction with our partners%2C we have already blocked access to %C2%A3275 billion of the Russian Central Bank%27s 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%2C their release may be permitted through a licence from the Office for Financial Sanctions Implementation %28OFSI%29. OFSI can only issue licences where there are specific and relevant licensing grounds enabling them to do so%2C 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.%3C%2Fp%3E
min answer › question first answered	2022-06-23T14:35:41.167Z
tabling member constituency	Thirsk and Malton
max date	2022-07-12

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1485077

registered interest

date

30/06/2022

answering body

Foreign, Commonwealth and Development Office

answering dept id

208

answering dept short name

Foreign, Commonwealth and Development Office

answering dept sort name

Foreign, Commonwealth and Development Office

hansard heading

Russia: Sanctions

house id

legislature

25259

pref label	House of Commons

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.

tabling member constituency

Thirsk and Malton

tabling member printed

Kevin Hollinrake

uin

28453

answer

is ministerial correction

date of answer

05/07/2022

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>

answering member constituency

Braintree

answering member printed

James Cleverly

question first answered

05/07/2022 01:47:07

answering member

4366

label	Biography information for James Cleverly

tabling member

4474

label	Biography information for Kevin Hollinrake