Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if she will make an assessment of the implications for the effectiveness of the Government's policies on sanctions against Russia of the potential use of proceeds accruing to the National Bank Trust from the sale of properties in the UK.

We assess that the National Bank Trust is owned by the Central Bank of Russia (CBR). The CBR is subject to a ban on the provision of financial services for the purposes of foreign exchange and asset management.