Russia: Sanctions

(asked on 19th April 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent assessment her Department has made of the impact of sanctions on the Russian economy.


Answered by
James Cleverly Portrait
James Cleverly
Home Secretary
This question was answered on 25th April 2022

We have implemented the largest and most severe package of economic sanctions that Russia has ever seen. Sanctions imposed by the UK and its international partners are having deep and damaging consequences for Putin's ability to wage war, with £275 billion - 60% of Russian foreign currency reserves - currently frozen. It is estimated that Russia's GDP will fall by between 8.5 and 15 per cent.

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