To ask the Chancellor of the Exchequer, how many financial penalties have been issued by the Office of Financial Sanctions Implementation for breaches of sanctions under the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022; and what is the total value of those penalties.

HM Treasury, through the Office of Financial Sanctions Implementation (OFSI), is the UK’s competent authority responsible for the implementation of financial sanctions. It is therefore the body responsible for civil enforcement of financial sanctions breaches.

The details of civil monetary penalties issued by OFSI are published on GOV.UK here [https://www.gov.uk/government/collections/enforcement-of-financial-sanctions].