Financial Sanctions Regime

Part of Treasury – in the House of Commons on 20 June 2023.

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Photo of James Murray James Murray Shadow Financial Secretary (Treasury)

As the war in Ukraine continues, we must not let up for a second on efforts to tighten the net on the accomplices and beneficiaries of Putin’s regime. We welcome the direction of the measures announced yesterday. Can the Minister confirm whether those measures will close all the loopholes and specifically the ownership thresholds, which Russian oligarchs and their enablers have been able to exploit to evade the bite of sanctions?