MPs open inquiry into success of UK Treasury sanctions on Russia

8 months ago 43

Treasury committee to consider case for targeting buyers of Russian oil and gas as Moscow weathers penalties

The Treasury committee on Thursday opened an investigation looking at the effectiveness of the UK’s economic sanctions on Russia, including whether the measures need to be widened to cover the buyers of Russian oil and gas.

The MPs will take evidence on the work of the Office of Financial Sanctions Implementation (OFSI), part of the Treasury, which implements and enforces the sanctions in the UK, including on implementation within the insurance and shipping sectors.

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