24 February 2022
Sir Geoffrey Clifton-Brown calls for efforts to freeze Russia’s sovereign debt

Following the Prime Minister’s statement to the House of Commons on the UK’s response to Russia’s invasion of Ukraine, Sir Geoffrey Clifton-Brown asks if the sanctions now in place freeze Russia’s sovereign debt.

Sir Geoffrey Clifton-Brown (The Cotswolds) (Con)

One of the most important economic sanctions we can take against Russia is to freeze its sovereign debt. Will my right hon. Friend confirm that the Bill proposed on Monday on economic crime will include powers to do so?

The Prime Minister (Boris Johnson)

We are taking the most powerful measures against Russia and the Russian economy that have ever been taken—probably the most powerful ever taken by any country—and Russia will no longer be able to raise any sovereign debt on UK markets.