Russia: UK Companies Debate

Full Debate: Read Full Debate
Department: HM Treasury

Russia: UK Companies

Lord Anderson of Swansea Excerpts
Thursday 8th December 2022

(2 years ago)

Lords Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Baroness Penn Portrait Baroness Penn (Con)
- View Speech - Hansard - - - Excerpts

My Lords, that is an individual decision for people to take. Where individuals have found themselves invested in companies that are subject to sanctions, the Office of Financial Sanctions Implementation has issued some general licences to facilitate the divestment of those shares where individuals need to do so.

Lord Anderson of Swansea Portrait Lord Anderson of Swansea (Lab)
- View Speech - Hansard - -

My Lords, British companies are able to call on the very best professional advice to conceal their relationships with Russian companies, both direct and indirect, in Russia and outside Russia. Are we totally confident we have the best intelligence to bring to light those relationships?