Nicholas Soames – 2014 Parliamentary Question to the Ministry of Justice

The below Parliamentary question was asked by Nicholas Soames on 2014-03-24.

To ask the Secretary of State for Justice, if he will seek an estimate from the (a) Bailiwick of Jersey and (b) Bailiwick of Guernsey of the value of Russian (a) financial and (b) non-financial assets held in each such territory.

Mr Shailesh Vara

The Crown Dependencies are not part of the UK but are self-governing dependencies of the Crown. This means they have their own directly elected legislative assemblies, administrative, fiscal and legal systems and their own courts of law. It is therefore not for the UK to extend the application of the Sanctions set out in the Council Regulation (EU) 269/2014. Equivalent measures have been implemented by the Crown Dependencies, who have kept Her Majesty’s Government updated about their activities in this area.

Her Majesty’s Government does not routinely request information on the value of particular assets held in the Crown Dependencies.

The UK and the Crown Dependencies recognise the importance of working together to promote the application of high international standards and implementing sanctions and asset freezing measures.