Lords Grand Committee

15 juin 2026

Chair opens the Grand Committee, sets out procedure and calls the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026, followed by the minister’s explanation of new energy‑related sanctions, licensing limits and enforcement powers, and peers’ scrutiny on licence transparency, energy security, refined oil routes and nuclear fuel supply chains, with ministerial assurances and follow‑up commitments.

Lords Grand Committee

00:01 - 00:27

Intervenant 1

My Lords. I am obliged to tell you that if there is a division in the chamber while we're sitting, this committee will adjourn as soon as the division bells are rung and resume after 10 minutes. Russia Sanctions EU Exit Amendment Regulations 2026. Baroness Chapman of Darlington.

00:27 - 02:47

Intervenant 2

My Lords, this is just like old times, Baroness. I beg to move that the committee consider the Russia Sanctions EU Exit Regulations 2026. These amend the Russia Sanctions EU Exit Regulations 2019. This instrument was laid on the 19th of May under powers in the Sanctions and Anti-Money Laundering Act 2018. The measures in this instrument, subject to the made affirmative parliamentary procedure, entered into force on the 20th of May.

My Lords, since coming into power, this government has been clear that Russia must not be allowed to succeed in its illegal war and have been steadfast behind Ukraine. Russia represents not just the obvious threat to Ukraine, but a threat to the UK and our allies. As part of that, the UK has sanctioned over 3,300 individuals and entities under the Russia sanctions regime, with over 1,300 under this government. Just last month, we introduced a new package that sanctioned 18 individuals and entities under the UK's Russia sanctions regulations. This included cryptocurrency exchanges active in Russia, entities and individuals that we suspect are linked to the UK-sanctioned A7 network, which has embedded itself in the Kyrgyz financial sector.

This marks a further step in the UK's sustained effort to erode Russia's ability to fund its illegal full-scale invasion, ramping up pressure on Putin's war chest. Last month, Russia slashed its economic growth forecast for 2026 from 1.3% to just 0.4%. Russia's Deputy Prime Minister ascribed this downgrade to the impact of sanctions, among other factors, and Vladimir Putin admitted that Russian GDP contracted by 1.8% in January and February, with a decline in areas critical to the war effort, including industrial production. To phase the implementation of these measures, we issued two targeted licenses intended as a temporary measure. The licenses are subject to ongoing review with fortnightly checkpoints and may be amended, suspended, or revoked as appropriate.

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