The comments made by Sadiq Khan, the Mayor of London, on 6 March 2022.
Nobody expected sanctioning President Putin’s allies in the UK to be straight forward, these are some of the richest and most powerful people in the world. But it is completely unacceptable that ministers are offering them such easy loopholes to disguise or liquidate their assets before the state can act.
London can no longer be a laundromat for oligarchs’ finances. We know there is at least £1.1bn of property in London linked to the Kremlin, along with millions of pounds worth of art, cars, boats and other goods. Meanwhile, Ukraine calls for aid as the Russian army advances on Kyiv.
We need the powers and political will to turn the ill-gotten gains of Putin-allies into Ukrainian aid. Ministers must not delay whilst Ukraine burns.