Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment has the Government made of its overall exposure to further potential Investor-State Dispute Settlement cases over sanctions policy on Russia.

Investor State Dispute Settlement (ISDS) provides an independent means for investors to resolve disputes with states where they believe they have experienced arbitrary, discriminatory, or unfair treatment or expropriation without compensation.

The UK has a longstanding track record of supporting foreign investment, including through fulfilling its obligations in the international investment agreements to which it is a party and has never faced a successful ISDS claim.

The Government maintains that it has acted consistently with domestic and international law obligations in the case of the legal challenges. In view of the ongoing proceedings, it would be inappropriate to comment further.