Treasury written question – answered at on 29 February 2024.
Nadia Whittome
Labour, Nottingham East
To ask the Chancellor of the exchequer, how many violations of the price caps on Russian oil products the Office for Financial Sanctions Implementation has (a) investigated and (b) enforced since the implementation of those caps.
Bim Afolami
The Economic Secretary to the Treasury
OFSI takes a proactive enforcement approach and is currently undertaking a number of investigations into suspected breaches of the oil price cap, using powers under SAMLA to request information and working closely with our international partners in the G7+ Coalition.
Due to the sensitivity of ongoing sanctions enforcement casework, I cannot confirm the number of suspected oil price cap violations which are under investigation or have been enforced against by OFSI.
Yes1 person thinks so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
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