The foreign affairs select committee said the government’s lax approach to tackling international money laundering is putting money “directly into the hands of regimes that would harm the UK, its interests and its allies”. The UK must be clear that the corruption stemming from the Kremlin is no longer welcome in our markets and we will act. “The scale of damage that this ‘dirty money’ can do to UK foreign policy interests dwarfs the benefit of Russian transactions in the City. Following the sale, the Russian embassy in the UK tweeted:Russian Embassy, UK (@RussianEmbassy) Successeful @GazpromEN bonds sales in London with demand three times higher than the placing (€750 mln). Deripaska has previously described the grounds for including him on a US sanctions list as groundless, ridiculous and absurd.

Source: The Guardian May 21, 2018 04:52 UTC