Overseas Companies: Russia

(asked on 4th April 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what information his Department holds on whether any UK firms with Russian holdings are not in the process of divesting from operations based in Russia.


Answered by
Douglas Alexander Portrait
Douglas Alexander
Minister of State (Cabinet Office)
This question was answered on 14th April 2025

The Department for Business and Trade does not hold any specific data on UK firms that are not in the process of divesting from operations based in Russia. UK businesses must comply with our sanctions, which form an extensive regime to constrain the Kremlin’s ability to continue the war. It is a decision for individual UK businesses on whether and how to divest from Russia in compliance with UK sanctions.

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