The UK Foreign Affairs Committee has launched an Inquiry to explore and evaluate the different options for the UK’s approach to sanctions policy after Brexit – see Global Britain: The future of UK sanctions policy inquiry.
The Committee is inviting written submissions which address the following areas (deadline, 14 December 2018):
- The effectiveness of sanctions as an instrument of foreign policy, including examples of both successful and unsuccessful use of sanctions to influence the behaviour of foreign actors.
- The advantages and disadvantages of the EU’s approach to the use of sanctions, both generally and in specific cases e.g. Russia.
- How the USA sets and uses sanctions as an instrument of foreign policy, and the advantages and disadvantages of its approach particularly where that differs from the EU.
- How the UK might best make use of the Magnitsky powers included in the Sanctions and Anti-Money Laundering Act 2018.
- The extent to which the UK should seek to align with the EU in sanctions policy post-Brexit, versus areas in which it may wish to diverge or seek stronger sanctions.
- The FCO’s record in:
- Identifying individuals, companies and regimes that should be sanctioned;
- Linking specific sanctions recommendations to broader foreign policy goals; and,
- Working with other departments, agencies and the private sector to share intelligence and implement sanctions effectively.
- The use of sanctions alongside other tools designed to combat dirty money, such as unexplained wealth orders.