Questions raised over time-lag on UK moves to sanction oligarchs

Only eight people named so far sanctioned in UK with critics saying a process likely to ‘take weeks and months’ allows time for ‘asset flight’Russia: who is on the sanctions lists – at a glanceLiz Truss is facing mounting questions over why the Foreign Office will take “weeks and months” to sanction Russian oligarchs, with the UK lagging behind the US and EU after targeting just eight individuals with links to Vladmir Putin.The Foreign Office has for days been promising to target a “hit list” of oligarchs but refuses to say when the names will be ready, despite warnings from MPs that billionaires will already be taking their assets out of the country. Continue reading…

Only eight people named so far sanctioned in UK with critics saying a process likely to ‘take weeks and months’ allows time for ‘asset flight’

Liz Truss is facing mounting questions over why the Foreign Office will take “weeks and months” to sanction Russian oligarchs, with the UK lagging behind the US and EU after targeting just eight individuals with links to Vladmir Putin.

The Foreign Office has for days been promising to target a “hit list” of oligarchs but refuses to say when the names will be ready, despite warnings from MPs that billionaires will already be taking their assets out of the country.

Continue reading…

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