MPs Fear Britain Is Dragging Its Feet Over Sanctions Against Oligarchs
The Guardian|March 02, 2022
Liz Truss is facing mounting questions over why the Foreign Office will take “weeks and months” to sanction Russian oligarchs, with Britain lagging behind the US and EU after targeting only eight individuals with links to President Vladimir Putin.
Rowena Mason Deputy political editor
MPs Fear Britain Is Dragging Its Feet Over Sanctions Against Oligarchs

The Foreign Office has for days been promising 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.

Senior Tory MPs are feeling frustrated by what they see as a lack of preparation on the part of the Foreign Office, with some having warned Truss months ago that Britain should be ready with a response against London-based oligarchs with links to Putin if Russia were to invade Ukraine. Labour also raised concern about “asset flight” and fears that Britain is “offthe pace” compared with the US and EU.

Priti Patel, the home secretary, claimed yesterday that there were “legal reasons” for the time being taken, with officials trying to make sure sanctions were watertight against legal challenge. Cabinet sources insisted Britain had been going further than other countries on hitting banks and financial operations with sanctions, with more than 120 entities targeted to date.

Asked whether more oligarchs would be blacklisted this week, a Foreign Office source said: “We will be sanctioning more oligarchs over the coming weeks and months.”

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