Defeating Putin: the development, implementation and impact of economic sanctions on Russia
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Contents
The invasion of Ukraine by Russia
5
HM Treasury, its associated public bodies and sanctions
5
Our inquiry
6
Areas of sanctions
7
Energy
7
Central banking
8
International financial messaging (SWIFT)
8
Other financial services sanctions
9
Self-sanctioning
10
Measures against Russian kleptocrats and oligarchs
10
Sanctions: the impact on Russia
12
Guidance, compliance and enforcement
15
The role of OFSI
16
Sanctions evasion: Cryptocurrencies
18
Secondary sanctions
18
Impact of sanctions on Russian oil and gas
20
Would the UK be affected by gas sanctions?
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Impact on households
21
Macroeconomy and the cost of living
22
UK macroeconomic outlook
22
UK cost of living and impact on business
23
Recommendations to the Government
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