In the statement made by the British Foreign Ministry, it was stated that new decisions regarding the sanctions against Russia were taken before the International Ukraine Recovery Conference to be held in London on Wednesday.
In this context, it was stated in the statement that the obligation to publicly disclose their assets in England to persons and institutions subject to sanctions, and that British people subject to sanctions are also included in this statement.
In the statement, it was also reminded that legal studies were carried out in the country after the obligation to disclose them to the public on behalf of the Russian Central Bank, the Ministry of Finance and the National Wealth Fund.
In the statement of the Ministry, it was also stated that the sanctions, which started to be implemented after the Russia-Ukraine War with new decisions, will remain in effect until the loss of Ukraine is compensated.
Three ministers evaluated the new decisions
The statement also included the evaluations of Foreign Minister James Cleverly, Finance Minister Jeremy Hunt and Interior Minister Suella Braverman on the subject.
Cleverly stated that the dire effects were seen as the war continued and said, “The needs for the reconstruction of Ukraine are enormous and will continue to be so”.
Noting that they have strengthened the sanctions imposed by the UK with the new decisions, Cleverly said, “We confirm that we are ready to use the sanctions to make Russia pay to repair the country it has recklessly attacked. Ukraine no matter how long it takes to save it from Russia’s attacks and lay the groundwork for a prosperous nation.” We will stand by him,” he said.
Finance Minister Hunt also stated that Russia should take the financial responsibility of the war and shared the view that “England has shown that it is capable and ready to open new ways for Russia’s money to reach Ukrainians”.
Interior Minister Braverman said:
“Ukraine is fighting to win the freedom we enjoy in the UK and we cannot leave them facing an uncertain future. We said we would help the Ukrainians in the rebuilding process and toughen our sanctions. Our new resolutions create an environment of transparency by obliging those who are sanctioned to disclose their property in the UK. “
Offer to donate their property to those sanctioned despite supporting Ukraine
Emphasizing that the people or institutions whose assets were frozen with the new decisions, the way to donate them for the reconstruction of Ukraine was opened, the following expressions were used:
“For Russians whose assets were frozen despite expressing their support for Ukraine, a way has been opened up to do the right thing. In the new way they can donate their frozen goods to the rebuilding of Ukraine. This will be a voluntary process where those sanctioned can apply for funding that was openly created to support the rebuilding of Ukraine. “There will be no coercion to encourage fund transfer, no mitigation of sanctions in exchange for donations. Information on the functioning of the fund that will distribute the donations will be announced in the coming days.”
In the statement, which stated that those who do not comply with the obligation to disclose their assets to the public in the UK, will be subject to various criminal practices, it was underlined that their assets could be confiscated in this context.
In the statement, it was noted that with the disclosure of the assets of the Central Bank of Russia, the Ministry of Finance and the National Wealth Fund, comprehensive information about their value and nature will be obtained.