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Sanctions: Trusts

Question for Foreign, Commonwealth and Development Office

UIN HL7310, tabled on 23 March 2022

To ask Her Majesty's Government what consideration they have given to passing emergency legislation to prevent the use of trusts as a means of evading sanctions imposed on oligarchs.

Answered on

6 April 2022

We have been moving at pace to sanction those propping up Putin's regime. Our sanctions since the invasion cover more than 1,200 Russian and Belarussian individuals, entities and subsidiaries at the heart of, or supporting, Putin's regime. This includes travel bans and asset freezes applied to Russia's leading oligarchs, with a combined worth in excess of £100 billion. Measures taken so far are historic and are having a real impact on Putin and his war machine. Nothing and no one is off the table.