UK position on Russia sanctions

Theresa MayPM Theresa May said last week that she would be pushing for enhanced EU sanctions against Russia at the next meeting of EU leaders.

In a response to a Parliamentary Question, the Government said the UK is committed to “playing a leading role in continuing sanctions against Russia… The UK’s current legal powers to implement sanctions flow largely from the EU, but we are engaged with our EU, US and other G7 partners to maintain our proactive stance to develop and implement sanctions”.

In response to another Parliamentary Question about the position of Rosneft, the Government said EU sanctions do not stop the London Stock Exchange from listing Rosneft, and the Financial Conduct Authority (FCA) is under no obligation to stop them from being listed. “Until the Sanctions and Anti-Money Laundering Act is commenced, we will continue to impose sanctions in alignment with EU partners.”

This entry was posted in Russia, United Kingdom by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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