To ask Her Majesty's Government what plans they have to prohibit new investment in Russia's energy sector by companies based in the UK.
Answered on
4 April 2022
The UK is delivering the largest package of sanctions in our history and have taken unprecedented measures which will isolate the Russian financial system for years to come.
Since Russia’s invasion, we have sanctioned more than 1000 individuals, entities, and subsidiaries. This includes some of Russia’s most significant and high-value individuals, including Putin’s political allies and propagandists. Over 3 million Russian companies, including Gazprom, have been barred from raising money on UK capital markets.
We are clear that there is no argument for new investment in the Russian economy.
The UK will not hesitate in imposing further measures as appropriate; any further sanctions measures will be announced in the House in due course.