Sanctions

Debate between Lord Ahmad of Wimbledon and Lord Teverson

Tuesday 1st March 2022 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

My Lords, my noble friend again raises an important point. In our debate on Friday, the noble Lord, Lord Carlile, also raised the point that the oligarchs are extremely wealthy and can employ lawyers to good effect. That is why our sanctions regime is both robust and tested in terms of legal thresholds before it is applied, to minimise any litigation that may take place.

[Lord Teverson (LD)]

My Lords, is the Minister having sufficient conversations with our overseas territories and Crown dependencies to make sure that none of our financial sanctions is bypassed in any way?

[Lord Ahmad of Wimbledon (Con)]

My Lords, this question has come up before—I believe that the noble Lord, Lord Wallace, asked it too. The legislation will take effect directly in our OTs as well. Of course, my right honourable friend Amanda Milling, the Minister with responsibility for the overseas territories, is dealing directly with the OTs on this.