Oral Answers to Questions
Debate between Chris Bryant and Rehman Chishti(1 year, 7 months ago)
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Rehman Chishti
I thank my hon. Friend and parliamentarians in all parts of the House for the united approach we have taken in applying maximum pressure on Putin for his aggression in Ukraine. We will continue to put pressure on Putin and his regime until Ukraine prevails, or Putin ends his war of choice. Nothing and no one is off the table. Although it is not appropriate to speculate on specific future designations, lest their impact is reduced, Russian aggression cannot and must not be appeased.
Chris Bryant (Rhondda) (Lab)
One of the people sanctioned in the UK is Roman Abramovich. His football club, Chelsea, was sold on 30 May, but the billions of pounds are sitting in his bank account because the Foreign Office still has not set up the fund to enable the money to be given to the people of Ukraine. Why is the Foreign Office taking so long, and when is it going to be sorted?
Rehman Chishti
Although I cannot comment on specific cases, I point out that measures have been taken against 1,100 individuals, including 123 oligarchs and their family members with a global net worth of £130 billion, more than 120 entities and all the subsidiaries owned by them; and against 19 Russian banks with global assets of about £940 billion—more than 80% of the Russian banking sector. In addition, acting in conjunction with partners, over 60% of Russia’s central bank’s foreign reserves have been frozen. That demonstrates our commitment to do everything we can, applying our criteria set by this Parliament, to bring these people to account.
Human Rights Abuses and Corruption: UK Sanctions
Debate between Chris Bryant and Rehman Chishti(1 year, 9 months ago)
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Rehman Chishti
The hon. Gentleman knows, having been a parliamentarian here for many, many years, that as a Minister of the Crown I cannot comment on specific cases. What I can say is that I will take the matter away and ask the Foreign Office officials to look at it. I will also say that when we come back in September we will ensure that we have that meeting and engagement with Foreign Office officials, looking at sanctions, and that if I am the Minister, I will look at this specific issue.
The Government have long recognised the power of sanctions to promote our values and interests, and combat state threats, terrorism, cyber-attacks and chemical weapons. We have demonstrated just how powerful these measures can be. Working closely with our allies, we are introducing the most severe sanctions that Russia has ever faced, to help cripple Putin’s war machine. That is a key part of our response, alongside our economic, humanitarian and military assistance for Ukraine and its great, brave people in these difficult, challenging times. Our sanctions include asset freezes on 18 of Russia’s major banks, with global assets worth £940 billion. Since Putin’s illegal and unprovoked invasion of Ukraine almost five months ago, we have sanctioned more than 1,000 individuals and 100 entities.
Chris Bryant
The Minister should bear in mind that he has managed to do that only because we have basically adopted all the EU sanctions, and all the Canadian and American sanctions, and that those run out in a few days, so he is going to have to do them all over again. It will not be the same number by the time we get back in September.
Rehman Chishti
Let us look at what we have done in comparison with partners around the world, as the hon. Gentleman mentions what we have done with regard to other European partners. We have done more than any other country in the sanctions we have put forward as part of the action we have taken against Russia for its illegal invasion in Ukraine.
Rehman Chishti
The hon. Gentleman says that that is not true. I am very happy to have that conversation with him and officials, but my understanding is that for the number of sanctions we have applied in connection with Putin’s illegal and unprovoked invasion of Ukraine, the figures are about 1,000 individuals and 100 entities. In my understanding, that is the largest number of any international partner in the world.