Sanctions against Russia
39 Commons Library Research Briefing, 22 March 2023
4 Coordinating with allies
The US has described the coordination between allies on sanctions measures
against Russia as an "unprecedented act of global sanctions coordination".
146
Sanctions and export controls against Russia are being implemented by a
coalition that includes more than 30 countries around the globe, who
represent more than 50% of the global economy.
147
There have been differences between the respective sanction regimes,
particularly over the individuals that have been sanctioned, or the timing of
those designations.
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This has, in part, been due to the different legal
frameworks each country is operating in.
When previously asked about the discrepancies on 28 February, the former
Foreign Secretary stated:
This is not a competition between us and our allies; this is a concerted
endeavour, where all of us are doing all we can as quickly as we can to show
unity and to deliver a massive hit to the Russian economy […]
There are areas where we are going a lot further than our allies. There are
some areas where they have gone further than us. We need to continue to
make progress together. That is what sends a strong message to Putin.
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The passage of the Economic Crime (Transparency and Enforcement) Act 2022
has allowed the UK to immediately designate individuals and entities that
have already been sanctioned by the EU, US and other allies, under
emergency procedures.
This section looks at the latest sanction measures introduced by the United
States, the EU and other Western allies including Canada and Australia.
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White House, Background Press Call, 27 February 2022
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US Department of the Treasury, Remarks by Deputy Secretary of the Treasury Wally Adeyemo, 18
April 2022
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See for example, Financial Times, "Why the US has hit some Russian oligarchs with sanctions but not
others", 14 April 2022
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HC Deb 28 February 2022, Sanctions
"In 2023, the
cooperation and
cohesion developed
in 2022 will need to
be strengthened
and broadened as
the noose around
the Russian
economy must be
maintained and
tightened".
Tom Keatinge and Jane
Ngan, February 2023
