Part of the debate – in the House of Lords am 3:24 pm ar 21 Mai 2024.
The Secretary of State is quite wrong that it is in other capitals that the Russians have the greatest investment. The greatest Russian investment is here in London; it is in property, and in Abramovich’s sale of Chelsea FC—all that money is here. The Secretary of State said at the previous Question Time, as he has said before, that he wants to do something about this, but he is doing nothing about it. The European Union is calling for action; at the last meeting of the Council of Europe, I took part in a debate where the Council of Europe almost unanimously asked the United Kingdom to do something about it. Why is he not doing it? What legal obstructions or impediments are stopping him taking real action?