Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the role of the Deposit Insurance Agency in the Russian state's ability to secure and repatriate assets from abroad.

The Deposit Insurance Agency was established on the basis of Russian federal law #177-FZ, to manage the operation of the deposit insurance system in Russia, and provide compensation to depositors in Russian banks if a bank should fail. It acts as a liquidator and bankruptcy administrator, and is responsible for bank resolution.