The UK could be letting Russian oligarchs off the hook by taking “weeks and months” to put sanctions in place.
The Foreign, Commonwealth & Development Office has for days been promising to target a “hit list” of oligarchs but refuses to say when the names will be ready, despite warnings from MPs that billionaires will already be taking their assets out of the country.
Labour has raised concerns about “asset flight” by oligarchs who fear they may be hit by sanctions soon and worries that the UK is “off the pace” compared with the US and EU.
