Overseas Companies: Russia

Department for Business and Trade written question – answered at on 14 April 2025.

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Photo of Martin Wrigley Martin Wrigley Liberal Democrat, Newton Abbot

To ask the Secretary of State for Business and Trade, what information his Department holds on whether any UK firms with Russian holdings are not in the process of divesting from operations based in Russia.

Photo of Douglas Alexander Douglas Alexander Minister of State (Cabinet Office), Minister of State (Department for Business and Trade)

The Department for Business and Trade does not hold any specific data on UK firms that are not in the process of divesting from operations based in Russia. UK businesses must comply with our sanctions, which form an extensive regime to constrain the Kremlin’s ability to continue the war. It is a decision for individual UK businesses on whether and how to divest from Russia in compliance with UK sanctions.

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