The UK had “cumbersome”Before any changes were made to the sanction legislation
The UK had “cumbersome”Liz Truss stated that sanction legislation was not amended before this week’s hearings.
When asked why Britain was taking longer than other allies to target Russians wealthy with Kremlin connections, the Foreign Secretary replied on BBC Radio 4’s Today program: “The specific issue here is that we have – or had – some very cumbersome legislation.
“In essence, we had unlimited damages if the oligarchs sued. This made it difficult for the Government build the evidence against the oligarchs.
“Since the invasion took place, we’ve put through emergency legislation to cut out these huge damages, which means we’ve been able to now sanction more individuals and more entities than either the US or the EU.”
Ms. Truss stated that the Economic Crime (Transparency and Enforcement) Act made changes, which was given royal assent Tuesday. “eliminated”The “huge risk”There is no UK Government that can not pay “very high damages”Russian elites protest British sanctions