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Sanctions: Russia

Question for Department for Levelling Up, Housing and Communities

UIN 145829, tabled on 23 March 2022

To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has plans to bring forward legislative proposals to allow the seizure of assets of sanctioned Russian individuals.

Answered on

30 March 2022

The Government is taking action against the billions of pounds worth UK property accumulated by the Russian state-linked individuals and companies. We have already frozen the assets of those individuals on the sanctions list. The new legislation in the Economic Crime Act will mean the Government can move more quickly to impose sanctions against oligarchs already designated by our allies, as well as intensifying our sanctions enforcement. These measures form part of a wider package of legislative proposals to tackle illicit finance which will be introduced in Parliament in the coming months. We will set out details in due course.