Russia Sanctions And Laundered Money In London.

[rjfp1962]

With tensions building over the possible Russian invasion of Ukraine - How can we issue meaningful sanctions on Russia with alot of their dirty money going through our financial sector in the City of London......? Wouldn't Russia just get even closer to Beijing financially as well as politically?

Edited by rjfp1962 on Sunday 13th February 15:50

[Liokault]

There are two things there, the Russian state and the Russian rich.

Yes the state can sell to China, and will probably do so anyway.

The rich have money and indeed new lives in the west because of this things that Russia can’t offer, freedom, safety and the idea that the money you have now will still be yours tomorrow. I don’t think that China is going to offer much of any of those three. It’s why anyone with money in China has been moving their money and family west as fast as they can for the last two decades.

[anonymous-user]

rjfp1962 said:

How can we issue meaningful sanctions on Russia with all their dirty money going through our financial sector in the City of London......?

Firstly I'm not at all convinced your assertion that all their dirty money is laundered through the City is correct; Panama ring any bells? Secondly, if it were that would make sanctions, freezing orders and poc seizures easier not harder!

[rjfp1962]

fblm said:

rjfp1962 said:

How can we issue meaningful sanctions on Russia with all their dirty money going through our financial sector in the City of London......?

Firstly I'm not at all convinced your assertion that all their dirty money is laundered through the City is correct; Panama ring any bells? Secondly, if it were that would make sanctions, freezing orders and poc seizures easier not harder!

Fair point.. I will correct my original post from "All" to "A Lot" Agreed.. Sure much must go through Panama too...

[the tribester]

If we try to influence the Russians over Ukraine, or threaten sanctions, just think what'll happen with our gas prices.......oh wait.

[Boom78]

the tribester said:

If we try to influence the Russians over Ukraine, or threaten sanctions, just think what'll happen with our gas prices.......oh wait.

We get hardly any gas from Russia but yes, I’m sure the companies supplying U.K. will cash in.

[FourWheelDrift]

Boom78 said:

the tribester said:

If we try to influence the Russians over Ukraine, or threaten sanctions, just think what'll happen with our gas prices.......oh wait.

We get hardly any gas from Russia but yes, I’m sure the companies supplying U.K. will cash in.

[anonymous-user]

rjfp1962 said:

Fair point.. I will correct my original post from "All" to "A Lot" Agreed.. Sure much must go through Panama too...

Well my point was really that the only Russian money (legit or otherwise) that the UK can apply any sanction to is that where the assets are in or tied up through the UK structures. Your impication that we can't apply any sanction to Russia because the money goes through the City is the wrong way round!

[elster]

If you keep up with politics, the Bill for this went through parliament last week.
There have been several in place for a few years
https://www.gov.uk/government/news/strengthened-uk...

[eliot]

FourWheelDrift said:

Boom78 said:

the tribester said:

If we try to influence the Russians over Ukraine, or threaten sanctions, just think what'll happen with our gas prices.......oh wait.

We get hardly any gas from Russia but yes, I’m sure the companies supplying U.K. will cash in.

so 17% from russia?

[rjfp1962]

elster said:

If you keep up with politics, the Bill for this went through parliament last week.
There have been several in place for a few years
https://www.gov.uk/government/news/strengthened-uk...

It's one thing Government having the power to impose the sanctions, but quite another to use this power and actually sanction Russia.

[elster]

rjfp1962 said:

elster said:

If you keep up with politics, the Bill for this went through parliament last week.
There have been several in place for a few years
https://www.gov.uk/government/news/strengthened-uk...

It's one thing Government having the power to impose the sanctions, but quite another to use this power and actually sanction Russia.

There have been lots of sanctions imposed already. These are to further bolster ones that have already been implemented.

[FourWheelDrift]

eliot said:

so 17% from russia?

If Russia turns it off, I think the other European countries Russia supply will want gas from elsewhere in the network so our 17% loss may increase as there's less of the European supply to share around.

[J4CKO]

Not taken a great deal of notice of this as it seems to be what Russia does, why do they do it ? Whats the root cause ?

[elster]

J4CKO said:

Not taken a great deal of notice of this as it seems to be what Russia does, why do they do it ? Whats the root cause ?

Why not?

There has been a busy couple of years with the pandemic so thought would get back onto it this year.

The reality is Putin is economically crippling the country, the citizens will accept it for the greater good, IE rebuilding the soviet nation and making them into one state, however economic collapse for no reason is pointless. Also Ukraine is a key location, even after Soviet Union fell the Russians kept access to Ukraine with their military base due to its key location. As they managed to take over half of Ukraine in 2014 and no one really cared that much with only minor sanctions he has thought he would see what happens if he pushes a little bit.

[Randy Winkman]

FourWheelDrift said:

eliot said:

so 17% from russia?

If Russia turns it off, I think the other European countries Russia supply will want gas from elsewhere in the network so our 17% loss may increase as there's less of the European supply to share around.

The UK gets less than 5% of its gas from Russia.

https://www.bbc.co.uk/news/business-58637094

[Unknown_User]

It's a rather quaint thing to think that anyone actually thinks or believes Bozza & his tory chums want to stop Russian money ending up in London....







And it's best not to mention Russian violinists.......

[rjfp1962]

The shell companies and oligarchs money/investments will sit a little more comfortably if Russia has now backed off from attacking Ukraine...!
Should please Boris, because I'm sure this is territory he doesn't want to tread on....

[Murph7355]

Randy Winkman said:

FourWheelDrift said:

eliot said:

so 17% from russia?

If Russia turns it off, I think the other European countries Russia supply will want gas from elsewhere in the network so our 17% loss may increase as there's less of the European supply to share around.

The UK gets less than 5% of its gas from Russia.

https://www.bbc.co.uk/news/business-58637094

The problem is more that other countries depend on Russian gas heavily. If theirs is turned off, they have to source from elsewhere. At best, that messes up global prices. At worst it does that and risks supplies from elsewhere.

Hopefully our energy suppliers have very good contracts.

This is the danger of globalisation and why energy security etc should be a massive deal to our governments.

[anonymous-user]

Murph7355 said:

The problem is more that other countries depend on Russian gas heavily. If theirs is turned off, they have to source from elsewhere. At best, that messes up global prices. At worst it does that and risks supplies from elsewhere.

Hopefully our energy suppliers have very good contracts.

This is the danger of globalisation and why energy security etc should be a massive deal to our governments.

Don't worry Ursula has this covered on 2 fronts; she has issued the Bundeswehr with extra broomsticks and is going to ignore those contracts because they aren't fair or something.