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Russia: Sanctions

Question for Foreign, Commonwealth and Development Office

UIN 24618, tabled on 24 June 2022

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if she will make an assessment of the implications for the effectiveness of the Government's policies on sanctions against Russia of the potential use of proceeds accruing to the National Bank Trust from the sale of properties in the UK.

Answered on

29 June 2022

We assess that the National Bank Trust is owned by the Central Bank of Russia (CBR). The CBR is subject to a ban on the provision of financial services for the purposes of foreign exchange and asset management.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.