RE: Petition - UK Govt sanctions are destroying UK Citizens not Putin19 Sep 2022 14:50
couple of things, as regarding sanction waivers helping POG , well that horse has bolted I'm afraid. However the government now comes into view as far as any compensation is concerned.
Another injustice to at least the UL pog ordinary investors , is the loss of their ISA allowances they may have used when buying POG shares. Now 20K per year.
MP's.
I'm still awaiting a further response from the Minister for Foreign, Commonwealth and Development Office Graham Stuart his email below
------------------------------------------------------------------------------------------------------------------------
GUYTON-DAY, Thomas
To:lawrence13@sky.com
Tue, 16 Aug at 16:28
Dear Lawrence,
I am writing as we have received a response from the Foreign, Commonwealth and Development Office:
“Dear Sally-Ann
Thank you for your correspondence of 27 June to the Foreign Secretary, on behalf of
your constituent, Mr Lawrence Thomas Jenkins, about safeguarding British investors, and about Russian oligarchs. I am replying as the Minister for Europe.
Our sanctions are targeted against those sectors and individuals close to Putin. Putin's
actions in Ukraine are unprecedented. As the PM and Foreign Secretary have acknowledged, our interventions to undermine Putin’s war machine and support the
Ukrainian people will inevitably have some impact on the UK economy, including for
independent investors. But as the Foreign Secretary said at Mansion House, there must
be nowhere for Putin to fund this appalling war.
With respect to the concern that some Russian oligarchs may benefit from sanctions by
taking advantage of Russian companies in difficulty, the Government seeks to ensure
sanctions measures are carefully targeted and avoid unintended consequences. We are
working closely with other Government departments to maximise the effectiveness of our
sanctions. The Foreign Secretary has established an Oligarch Taskforce drawing on
expertise from across government[.]
We are not giving a running commentary on which sanctions may or may not be in the pipeline, as it risks reducing their impact. That being said, nothing is off the table.
Since Putin’s invasion of Ukraine, we have sanctioned over 1000 Russian and
Belarusian individuals and over 100 businesses at the heart of, or supporting, Putin’s regime. This includes President Putin, Foreign Minister Sergey Lavrov and Russia’s
leading oligarchs with an estimated combined net worth of £172 billion.
Yours ever,
Graham Stuart MP
Minister for Europe”