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Written question asked by Lord Mott (Conservative) on Monday, 18 May 2026, in the House of Lords. It was due for an answer on Tuesday, 2 June 2026. It was answered by Baroness Chapman of Darlington (Labour) on Wednesday, 27 May 2026 on behalf of the Foreign, Commonwealth and Development Office.

Russia: Sanctions

Question

To ask His Majesty's Government what assessment they have made of the adequacy of the sanctions against the Russian regime to prevent investment in non-sanctioned companies indebted to sanctioned Russian banks.

Answer

Together with our international partners, we have already imposed on Russia the largest and most severe package of sanctions ever imposed on a major economy, but we continue to keep our sanctions regimes, measures and effectiveness under constant review and adapt them to respond to evolving risks.

UK financial sanctions prohibit making funds or economic resources available, directly or indirectly, to designated persons, including sanctioned Russian banks, and prohibit circumvention of these measures. All UK entities are required to comply, supported by robust enforcement across government, but it is our long-standing policy not to comment on individual companies or investments.

Secondary information

Type
Written question
Reference
HL215
Session
2026-27
Grouped for answer
Yes
Subjects
Sanctions Russia
Link
View this Written question on www.parliament.uk