The Treasury Committee, a select committee of the House of Commons in the Parliament of the United Kingdom, has published an inquire about efficiency of sanctions on Russia.
The document is titled “Are the UK’s Russian financial sanctions working?”
The Committee would like to take further evidence on the UK’s financial sanctions on Russia, and would welcome written evidence on the following areas:
- Whether financial sanctions instituted by the UK on Russia, are complete and effective in terms of the entities that have been designated, and the entities which have to comply with the rules?
- Whether assets frozen as part of the UK’s financial sanctions on Russia should be confiscated, and whether there are legal precedents for such a move?
- Whether financial sanctions imposed by the UK should be widened to include those who purchase Russian oil and gas?
- The implementation of financial sanctions against Russia by each part of the financial sector (including the insurance sector), and the maritime sector.
The Committee will wait for any submissions by 6.00pm on Thursday 28 March 2024.
Reference:
The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Conduct Authority.
