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 Eddie Hughes (Conservative) on Wednesday, 30 March 2022 on behalf of the Department for Levelling Up, Housing and Communities.

Sanctions: Russia

Question: 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.

Answer: 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.

Secondary information