Russia: Banks

(asked on 9th February 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary for State for Foreign, Commonwealth and Development Affairs, what assessment his Department has made of the potential merits of (a) seizing Russian Central Bank reserves and (b) repurposing those reserves as aid for Ukraine.

Answered by
Leo Docherty Portrait
Leo Docherty
Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
This question was answered on 21st February 2023

The Government is actively considering all possible options for seizing Russian linked assets in the UK that could be used to pay for reconstruction in Ukraine. While the UK is pursuing this at pace, ensuring any policy implemented is safe, robust, and compliant with the rule of law is of paramount importance.

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