Sanctions: Assets Seizure

Part of Justice – in the House of Commons on 22nd March 2022.

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Photo of James Cartlidge James Cartlidge Parliamentary Under Secretary of State (Ministry of Justice) , Assistant Whip

Everybody can be incredibly confident that the UK has acted swiftly to execute the biggest package of sanctions ever imposed against a G20 nation. Let us be clear that the UK has designated more than 1,000 individuals, entities and subsidiaries under the Russia sanctions regime since the invasion, including President Putin and Foreign Minister Lavrov. More than 3 million Russian companies are barred from raising money on UK capital markets. We will also target more than 500 members of the Duma and Federation Council. That makes up the largest and most severe package of economic sanctions Russia has ever seen.