Treasury written question – answered am ar 6 Mawrth 2024.
Abena Oppong-Asare
Shadow Minister (Women's Health and Mental Health)
To ask the Chancellor of the exchequer, what steps he has taken with Cabinet colleagues to ensure that UK-based companies are fully complying with the sanctions imposed on (a) Russian oil and (b) other Russian exports.
Bim Afolami
The Economic Secretary to the Treasury
The Office of Financial Sanctions Implementation (OSFI) and The Department for Business and Trade (DBT) have published extensive guidance to support industry in complying with sanctions measures against Russia.
OFSI takes a proactive enforcement approach and is currently undertaking a number of investigations into suspected breaches of the oil price cap, using their legal powers to request information and working closely with our international partners in the G7+ Coalition.
HM Revenue & Customs is responsible for enforcing export controls on strategic goods and sanctions and investigating potential breaches of those controls.
HMRC enforcement mechanisms are robust and act as a deterrent against those considering circumventing sanctions measures. They take breaches of sanctions seriously and undertake a preliminary investigation into all credible allegations of an offence. They have improved their capacity to investigate and enforce sanctions and are developing new capabilities to enforce sanctions on services under criminal law. Non-compliance with UK sanctions is a serious offence and punishable through large financial penalties or criminal prosecution.
Yes3 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
The cabinet is the group of twenty or so (and no more than 22) senior government ministers who are responsible for running the departments of state and deciding government policy.
It is chaired by the prime minister.
The cabinet is bound by collective responsibility, which means that all its members must abide by and defend the decisions it takes, despite any private doubts that they might have.
Cabinet ministers are appointed by the prime minister and chosen from MPs or peers of the governing party.
However, during periods of national emergency, or when no single party gains a large enough majority to govern alone, coalition governments have been formed with cabinets containing members from more than one political party.
War cabinets have sometimes been formed with a much smaller membership than the full cabinet.
From time to time the prime minister will reorganise the cabinet in order to bring in new members, or to move existing members around. This reorganisation is known as a cabinet re-shuffle.
The cabinet normally meets once a week in the cabinet room at Downing Street.
