Written question asked by Chris Bryant (Labour) on Wednesday, 23 March 2022, in the House of Commons. It was due for an answer on Monday, 28 March 2022. It was answered by James Cleverly (Conservative) on Thursday, 31 March 2022 on behalf of the Foreign, Commonwealth and Development Office.

Russia: Banks

Question: To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what Russian banks (a) have and (b) have not yet been sanctioned by the UK.

Answer: In close coordination with our allies, we are introducing the largest and most severe economic sanctions that Russia has ever faced, including asset freezes on 16 major banks, a prohibition on clearing for Sberbank, and the removal of selected banks from SWIFT. The banks currently sanctioned represent the majority of the Russian banking sector. The UK Sanctions List, published by the FCDO on GOV.UK, is the comprehensive list of persons or ships designated. Additionally, there are entities listed in Schedule 2 of the Russia (Sanctions) (EU Exit) Regulations 2019, which are covered by sectoral financial measures.

Secondary information