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Scrutiny Of Russian Companies In The UK

EDM number 1578 in 2017-19, proposed by Tom Brake on 04/09/2018.
Categorised under the topics of Companies and Russia.

That this House urges the Government to enhance the scrutiny of companies linked to the Russian state operating in the UK; notes the controversy over the EN+ Group's decision to develop a UK presence following the decision of the US Administration to impose sanctions upon the company in response to the malign activities of the Russian Federation; further notes that shares in EN+ Group had been listed on the London Stock Exchange since 2017, despite well-publicised concerns over the company's corporate governance and ownership; notes that shares in the Russian Government-controlled energy company Rosneft remains listed on the Exchange; expresses concern that Rosneft is recognised internationally as a tool of Russian foreign policy, and appears on both the EU and US sanctions lists; notes that in 2014 an arbitral tribunal under the auspices of the Permanent Court of Arbitration in The Hague found that the vast majority of Rosneft's assets were unlawfully obtained as a result of the politically-motivated expropriation of Yukos Oil Company by the Russian state; and further urges the Government to review the admission standards upheld by the London Stock Exchange and the Financial Conduct Authority.

This motion has been signed by a total of 13 MPs.

Tom Brake04/09/2018Carshalton and WallingtonLiberal DemocratProposed
Michael Penning05/09/2018Hemel HempsteadConservativeSeconded
Jim Shannon05/09/2018StrangfordDUPSeconded
Bob Blackman06/09/2018Harrow EastConservativeSeconded
Sandy Martin06/09/2018IpswichLabourSeconded
Edward Davey10/09/2018Kingston and SurbitonLiberal DemocratSeconded
Matt Western13/09/2018Warwick and LeamingtonLabourSigned
Stephen Kinnock09/10/2018AberavonLabourSigned
Drew Hendry09/10/2018Inverness, Nairn, Badenoch and StrathspeyScottish National PartySigned
Alan Brown09/10/2018Kilmarnock and LoudounScottish National PartySigned
Stewart McDonald16/10/2018Glasgow SouthScottish National PartySigned
Stephen Gethins23/10/2018North East FifeScottish National PartySigned
Pete Wishart06/11/2018Perth and North PerthshireScottish National PartySigned

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