1-20 of 4,231 results for subject:Sanctions
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To ask the Chancellor of the Exchequer, what the total value is of assets frozen under sanctions relating to Russia.
To ask the Chancellor of the Exchequer, what the total value is of assets frozen under sanctions relating to Russia.
Relevant firms are legally obliged to report to the Office of Financial Sanctions Implementation (OFSI) if they hold frozen assets of a designated person or entity they suspect to be on the list of asset freeze targets. OFSI is currently receiving a high volume of reporting about assets being frozen relating to sanctions imposed since Russia's invasion of Ukraine. This information is being collated and assured. Fuller details will be released in due course and will mark a substantial increase on previous assets reported as frozen under Russia sanctions.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the potential impact of UK sanctions relating to Russia on the Gambling Commission's decision to award Allwyn Entertainment as the preferred operator to run the National Lottery from 2024; and if she...
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the potential impact of UK sanctions relating to Russia on the Gambling Commission's decision to award Allwyn Entertainment as the preferred operator to run the National Lottery from 2024; and if she...
The competition to award the licence to operate the 4th National Lottery licence (4NL) is run by the Gambling Commission. The National Lottery Act 1993 stipulates that the Commission can only grant a licence to operate the National Lottery if it is satisfied that the proposed licensee is a fit and proper person. In this context, the Commission carried out appropriate vetting checks on all the applicants to the 4NL competition and is now carrying out further vetting checks on Allwyn as the Commission’s preferred applicant to operate 4NL. The Commission does not have any plans at present to list the names of those individuals subject to vetting checks.
The Gambling Commission has taken steps to assure itself that no applicant to the 4NL competition is or is likely to be impacted by the sanctioning of entities and individuals listed in the Consolidated List of Financial Sanctions Targets in the UK.
To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of licences given by the Office for Financial Sanctions Implementation to British law firms in respect of Russian operations; and whether that organisation allows licensed firms to continue representing Russian state-related companies.
To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of licences given by the Office for Financial Sanctions Implementation to British law firms in respect of Russian operations; and whether that organisation allows licensed firms to continue representing Russian state-related companies.
Data on licences issued will be provided in OFSI’s Annual Review 2021-22 which is due to be published this year.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason the Government has not imposed sanctions on the National Bank Trust.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason the Government has not imposed sanctions on the National Bank Trust.
My noble Friend, the Minister for South and Central Asia, North Africa, United Nations and the Commonwealth (Lord Ahmad of Wimbledon), has made the following Written Ministerial Statement:
Afghanistan’s humanitarian crisis remains severe. This is despite the massive response mounted since August 2021 preventing the UN and aid agencies’ worst fears...
My noble Friend, the Minister for South and Central Asia, North Africa, United Nations and the Commonwealth (Lord Ahmad of Wimbledon), has made the following Written Ministerial Statement:
Afghanistan’s humanitarian crisis remains severe. This is despite the massive response mounted since August 2021 preventing the UN and aid agencies’ worst fears...
Afghanistan’s humanitarian crisis remains severe. This is despite the massive response mounted since August 2021 preventing the UN and aid agencies’ worst fears from being realised over the winter. Afghanistan faces acute hunger, over 6 million have been internally displaced and millions of children are out of school. The UK...
Afghanistan’s humanitarian crisis remains severe. This is despite the massive response mounted since August 2021 preventing the UN and aid agencies’ worst fears from being realised over the winter. Afghanistan faces acute hunger, over 6 million have been internally displaced and millions of children are out of school. The UK...
My Lords, I am not wishing to object to the statutory instruments. As the noble Lord knows, in the debate in Grand Committee we strongly supported the Government’s actions, and we will continue to support them speedily introducing sanctions against the Putin regime. However, the 37th report of the Secondary...
My Lords, I am not wishing to object to the statutory instruments. As the noble Lord knows, in the debate in Grand Committee we strongly supported the Government’s actions, and we will continue to support them speedily introducing sanctions against the Putin regime. However, the 37th report of the Secondary...
My Lords, I acknowledge the strong support that we have received from your Lordships’ House in support of all of the sanctions that we are passing in this respect, particularly on Russia and related activities, covering both individuals and organisations. I also recognise the point raised by my noble friend...
My Lords, I acknowledge the strong support that we have received from your Lordships’ House in support of all of the sanctions that we are passing in this respect, particularly on Russia and related activities, covering both individuals and organisations. I also recognise the point raised by my noble friend...
My Lords, I was going to be very brief, and I can be even briefer, because the noble Lord, Lord Collins, has stolen most of my lines. I speak on behalf of the Secondary Legislation Scrutiny Committee. Because of the truncated nature of the process, we were discussing, debating and...
My Lords, I was going to be very brief, and I can be even briefer, because the noble Lord, Lord Collins, has stolen most of my lines. I speak on behalf of the Secondary Legislation Scrutiny Committee. Because of the truncated nature of the process, we were discussing, debating and...
Lords motion to approve. Agreed to on question.
Lords motion to approve. Agreed to on question.
On a point of order, Mr Speaker. You and hon. Members will know that, yesterday, the Government of the Russian Federation sanctioned a number of Members of this House—including yourself—but the list also included individuals who are no longer Members of the House. May I suggest that you write to...
On a point of order, Mr Speaker. You and hon. Members will know that, yesterday, the Government of the Russian Federation sanctioned a number of Members of this House—including yourself—but the list also included individuals who are no longer Members of the House. May I suggest that you write to...
To ask the Secretary of State for the Home Department, how many holders of Tier 1 investor visas who have been sanctioned have claimed non-domiciled status in the UK in each of the last ten years.
To ask the Secretary of State for the Home Department, how many holders of Tier 1 investor visas who have been sanctioned have claimed non-domiciled status in the UK in each of the last ten years.
Eligibility for entry and stay under the Tier 1 (Investor) route has not been dependent on any specific legally available tax statuses.The Home Office does not therefore routinely hold data concerning the tax status of applicants. The use of available tax provisions and by whom is ultimately a matter for the tax authorities.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment the Government has made of the potential merits of imposing further sanctions on (a) Russia and (b) Russian allies as a result of the continued conflict in Ukraine.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment the Government has made of the potential merits of imposing further sanctions on (a) Russia and (b) Russian allies as a result of the continued conflict in Ukraine.
The UK does not speculate on future sanctions. However, we will continue to increase pressure on Putin and his regime to ensure he is unable to fuel his war machine. In response to Russia's invasion of Ukraine we have announced an unprecedented package of sanctions. We have now sanctioned over 1500 individuals and entities since the invasion. We have also implemented sanctions against Belarusian individuals and organisations in response to the role the country is playing in Russia's invasion, including facilitating the invasion from within its borders.
I thank my right hon. Friend for what he and his Select Committee have been doing in this area to tighten the screw on Putin’s regime. UK companies have already shown that they think very carefully about investments and doing business with
Putin’s Russia. As my right hon. Friend knows, we banned all new outward investment in Russia, but I am very happy to have a meeting as soon as possible to make sure these further ideas are transmitted to the Government.
I thank my right hon. Friend for what he and his Select Committee have been doing in this area to tighten the screw on Putin’s regime. UK companies have already shown that they think very carefully about investments and doing business with
Putin’s Russia. As my right hon. Friend knows, we banned all new outward investment in Russia, but I am very happy to have a meeting as soon as possible to make sure these further ideas are transmitted to the Government.
I was recently contacted by my counterpart, the Chair of the Ukrainian Treasury Committee, with some ideas on how we can further tighten the screw on the Russian economy, particularly through the international tax regime. I was, of course, able to affirm the full support for the Ukrainian people right across this House. The gentleman concerned also knows the work that my right hon. Friend has done to promote sanctions internationally, but will the Prime Minister meet me to consider these new proposals to make sure that no stone is left unturned in facing up to Putin’s vile regime?
I was recently contacted by my counterpart, the Chair of the Ukrainian Treasury Committee, with some ideas on how we can further tighten the screw on the Russian economy, particularly through the international tax regime. I was, of course, able to affirm the full support for the Ukrainian people right across this House. The gentleman concerned also knows the work that my right hon. Friend has done to promote sanctions internationally, but will the Prime Minister meet me to consider these new proposals to make sure that no stone is left unturned in facing up to Putin’s vile regime?
I was recently contacted by my counterpart, the Chair of the Ukrainian Treasury Committee, with some ideas on how we can further tighten the screw on the Russian economy, particularly through the international tax regime. I was, of course, able to affirm the full support for the Ukrainian people right across this House. The gentleman concerned also knows the work that my right hon. Friend has done to promote sanctions internationally, but will the Prime Minister meet me to consider these new proposals to make sure that no stone is left unturned in facing up to Putin’s vile regime?
I thank my right hon. Friend for what he and his Select Committee have been doing in this area to tighten the screw on Putin’s regime. UK companies have already shown that they think very carefully about investments and doing business with
Putin’s Russia. As my right hon. Friend knows, we banned all new outward investment in Russia, but I am very happy to have a meeting as soon as possible to make sure these further ideas are transmitted to the Government.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the potential impact of the reported use of flights to and from Russia via Serbia on the effectiveness of the EU-wide ban on flights in and out of Russia; and what steps...
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the potential impact of the reported use of flights to and from Russia via Serbia on the effectiveness of the EU-wide ban on flights in and out of Russia; and what steps...
The UK has prohibited all Russian owned, operated or chartered aircraft from entering UK airspace and landing in the UK. The EU, the US and other allies have also implemented similar flight bans to Russian aircraft. We are working with our international allies and partners, to encourage other countries to introduce similar bans.
In addition, since Russia's invasion, the UK has issued travel bans and asset freezes to over a thousand of Russia's most significant and high-value individuals, this includes 18 of Russia's leading oligarchs. The travel bans imposed by the UK and EU apply wherever the individual flies from.
To ask the Chancellor of the Exchequer, what the cost to the public purse is of maintaining frozen assets owned by individuals targeted under the Government’s Magnitsky sanctions regime.
To ask the Chancellor of the Exchequer, what the cost to the public purse is of maintaining frozen assets owned by individuals targeted under the Government’s Magnitsky sanctions regime.
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is the competent authority for financial sanctions in the UK and is responsible for monitoring asset freezes. When an asset freeze is imposed against an individual or entity, any funds or economic resources are to be frozen immediately by the person in possession or control of them. It Is prohibited to deal with the frozen funds or economic resources, belonging to or owned, held or controlled by a designated person, or to make funds or economic resources available, directly or indirectly to, or for the benefit of, a designated person.
An asset freeze does not involve a change in ownership of the frozen funds or economic resources, nor are they confiscated or transferred to OFSI for safekeeping. Any release of frozen assets can only be accomplished legally with a licence from OFSI. The asset freeze will remain in place until the sanctions are lifted.
To ask the Chancellor of the Exchequer, what the Government intends to do with frozen assets of sanctioned individuals.
To ask the Chancellor of the Exchequer, what the Government intends to do with frozen assets of sanctioned individuals.
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is the competent authority for financial sanctions in the UK and is responsible for monitoring asset freezes. When an asset freeze is imposed against an individual or entity, any funds or economic resources are to be frozen immediately by the person in possession or control of them. It Is prohibited to deal with the frozen funds or economic resources, belonging to or owned, held or controlled by a designated person, or to make funds or economic resources available, directly or indirectly to, or for the benefit of, a designated person.
An asset freeze does not involve a change in ownership of the frozen funds or economic resources, nor are they confiscated or transferred to OFSI for safekeeping. Any release of frozen assets can only be accomplished legally with a licence from OFSI. The asset freeze will remain in place until the sanctions are lifted.
To ask the Chancellor of the Exchequer, what steps the Office of Financial Sanctions Implementation take to help ensure that money donated by the British people to the Disasters Emergences Committee appeal for Ukraine is able to reach vulnerable people inside Ukraine without being stopped by sanctions.
To ask the Chancellor of the Exchequer, what steps the Office of Financial Sanctions Implementation take to help ensure that money donated by the British people to the Disasters Emergences Committee appeal for Ukraine is able to reach vulnerable people inside Ukraine without being stopped by sanctions.
The Office of Financial Sanctions Implementation (OFSI) prioritises licence applications made for humanitarian purposes to help ensure that funds can get to where they are needed most as quickly as possible. This includes applications to permit humanitarian activities in Ukraine, where there is specific provision in the regulations for OFSI to grant such licences.
OFSI is proactively engaging with humanitarian organisations to understand their needs in delivering activities in Ukraine and will continue to closely monitor the situation.