Treasury written question – answered on 7 June 2022.
Hywel Williams
Shadow PC Spokesperson (International Development), Shadow PC Spokesperson (Work and Pensions), Shadow PC Spokesperson (Defence), Shadow PC Spokesperson (Cabinet Office), Shadow PC Spokesperson (International Trade), Shadow PC Spokesperson (Foreign Affairs), Shadow PC Chief Whip
To ask the Chancellor of the Exchequer, what steps he is taking to protect Ukraine from Russian litigation in English courts on the payment of bonds.
John Glen
Minister of State (Treasury) (City), The Economic Secretary to the Treasury
The UK judiciary is independent of the UK government and will make this ruling based on the arguments made before it.
In response to Russia’s invasion of Ukraine we have announced an unprecedented package of sanctions to cut off the funding for Putin’s war machine.
Our sanctions are working, including those directed at the Central Bank of Russia and Russia’s foreign currency reserves, of which around 60% are frozen globally.
Yes1 person thinks so
No0 people think not
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