Oral Answers to Questions

Deidre Brock Excerpts

Tuesday 22nd March 2022 Commons Chamber

[Chris Stephens (Glasgow South West) (SNP)]

12. What recent discussions he has had with Cabinet colleagues on seizing the assets of sanctioned Russian oligarchs.

[Deidre Brock (Edinburgh North and Leith) (SNP)]

19. What recent discussions he has had with Cabinet colleagues on seizing the assets of sanctioned Russian oligarchs.

[The Parliamentary Under-Secretary of State for Justice (James Cartlidge)]

I am pleased to report that the Ministry of Justice is working closely with colleagues across Government to look at how we can go further to crack down on illicit money in British property, including considering temporary asset seizures beyond the freezing regime that we already have in place. I am not yet in a position to present the details of this to the House. It is a complex issue involving important policy and legal considerations. What I can say is that unlike the Putin regime, the Government will always preserve the rule of law and act against kleptocratic wealth.

--- Later in debate ---

[James Cartlidge]

The hon. Gentleman is right that we need to legislate effectively and that is why we will take time to get the detail right on property while prioritising further action as far as we can. To be clear, in the past week the Government have passed the Economic Crime (Transparency and Enforcement) Act 2022, established a register of beneficial ownership, and sanctioned more than 1,000 individuals and entities. The Deputy Prime Minister explained in answer to the first set of questions the action he is taking at the International Criminal Court to ensure that it can fully investigate Russian war crimes, but I accept that more might need to be done.

[Deidre Brock]

The international corruption unit and the international anti-corruption co-ordination centre have operated for some time now in the National Crime Agency. Why was it necessary to set up a third kleptocracy unit and how will this new body’s work differ from that of the existing bodies? Were they not already investigating the behaviour of oligarchs?

[James Cartlidge]

I do not think that anybody should doubt that we have the measures in place. Our sanctions regime is bold and we have taken swift, comprehensive measures. I also remind the hon. Lady that only last week the Deputy Prime Minister announced further measures on strategic lawsuits against public participation, or SLAPPs. When we talk about powerful oligarchs in this country, that is important. Judge us by the actions. I am sure we all agree that these measures are swift and comprehensive and, most importantly, will have an impact on the Putin regime.