UK Parliament / Open data

Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022

I will make a short contribution. In this very interesting debate, mention has been made of Russians who have obtained funds by corruption and who come to this country and buy property or otherwise invest. Is the Minister confident that these regulations confer power to act against such persons? As he said, the only change that is made by these regulations is to give power to take action against those who have obtained

“a benefit from or supporting the Government of Russia”.

As the Minister rightly said, that concept is narrowly defined in new Regulation 6(4). The fact that you have obtained vast wealth by corruption in Russia, and you have come here and bought property or engaged in other economic activity, is not necessarily sufficient to bring you within the scope of these regulations, as I read them, but I would be delighted if the Minister tells me that I am wrong.

Type
Proceeding contribution
Reference
819 c358 
Session
2021-22
Chamber / Committee
House of Lords chamber
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