Companies: Russia

(asked on 15th March 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether companies that have been sanctioned by the UK or are owned by people who have been sanctioned by the UK in relation to Russia's invasion of Ukraine received loans through (a) the bounce back loan scheme, (b) the coronavirus business interruption loan scheme, (c) coronavirus large business interruption loan scheme; and if he will publish details of those companies.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 18th March 2022

In order to be eligible for the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme or the Bounce Back Loan Scheme, a business was required to be trading in the United Kingdom.

The Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme and the Bounce Back Loan Schemes are delegated schemes, where customer relationships are managed by accredited lenders. We do not hold information on whether any loan recipients of these schemes have received subsequent sanctions.

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