To ask Her Majesty's Government what plans they have to prohibit providing services in relation to shares of Belarussian state-owned enterprises listed on UK trading exchanges.
Answered on
4 April 2022
Provision of investment services in relation to shares issued by Belarusian state-owned entities after 9 August 2021 is a criminal offence under the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019. The Regulations impose sanctions for the purposes of encouraging the Government of Belarus to respect democratic principles and institutions, the separation of powers and the rule of law in Belarus; and refrain from actions, policies or activities which repress civil society in Belarus.
In addition, on 1 March we announced a first tranche of sanctions against Belarusian individuals and organisations in response to the role the country is playing in Russia’s invasion of Ukraine. The Lukashenko regime will be made to feel the economic consequences for its support for Putin.