Move changes purpose of sanctions so that they will be maintained until Russia agrees to pay compensation

The UK is introducing new laws that will allow ministers to maintain Russian sanctions until compensation is paid to Ukraine, thus introducing a way for frozen Russian assets to be donated to Ukrainian reconstruction.

The laws go some way to ensuring that Russian assets currently frozen by the UK government can in effect eventually be seized – a move that many western powers have rejected on the basis that it could set a precedent for western assets held overseas to also be seized.

Continue reading…

You May Also Like

Thursday briefing: No 10 feuding explodes into open as top aide quits

Lee Cain resigns after row over chief of staff job … extra…

English school leaders despair at soft line on Covid tests and masks

Minister says neither tests nor masks will be compulsory and it will…

Fire at industrial unit in Berkshire sends huge smoke cloud across motorway

Firefighters say fireworks may be involved in blaze outside Newbury, causing M4…

Islington records UK’s highest house price growth of 2020 at 13.4%

London boroughs take nine of top 20 places, with Leeds and Wolverhampton…