To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment the Government has made of the extent of potential further economic sanctions against Russia; and for what reason those sanctions have not been implemented to date.
Answered on
3 March 2022
On 1 March we introduced new legislation in parliament on financial measures, including sovereign debt, clearing and securities measures and trade measures including a ban on dual use items; and a further range of critical tech and industrial goods. This is not the end. We have a rolling programme that will continue to ratchet up the pressure on Russia. We will designate additional companies and members of the elite over the coming weeks and months. The UK's sanctions have been coordinated with international allies to impose a severe cost on Putin and his regime. Sanctions are powerful tools, capable of having a significant impact, and complex to design. We want to ensure we get them right.