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The Guardian - UK
The Guardian - UK
World
Toby Helm Political editor

INSANE: Mps seeking fast track freeze on oligarchs assets before formal sanctions | Rare Historical Photos

Italian finance police impounded a yacht last week owned by Russia’s richest man, Alexei Mordashov
Italian finance police impounded a yacht last week owned by Russia’s richest man, Alexei Mordashov. Photograph: Antonio Calanni/AP

Russian oligarchs suspected of having links to Vladimir Putin could have their UK assets seized even before the British authorities have completed formal steps to impose sanctions, under far-reaching plans tabled for debate in parliament on Monday.

The move – put forward in an amendment to the economic crime bill by former Tory cabinet minister David Davis and backed by a cross-party group of MPs – would, if passed, amount to the toughest action yet to clamp down on illicit Russian cash in the UK.

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