“I am urging firms to think very carefully about their investments in Russia and how they may aid the Putin regime" ... "there is no case for new investment in Russia. We must collectively go further in our mission to inflict maximum economic pain...”

Rishi Sunak, Chancellor of the Exchequer, HM Treasury Press Release

13 March 2022

Facts

Then Chancellor Rishi Sunak issued a statement calling on UK firms to stop investing in Russia in order to help "inflict maximum economic pain."

Sunak made this call as the Indian IT company Infosys continued to operate in Russia; a company that Sunak's wife, Akshata Murty, holds a 0.91% stake in worth £690m and that rewards her with £11.5m in annual dividends. This led to criticism.

In April, Infosys announced that it was transitioning out of Russia.

Eight months later, the company is still operating from Russia, after saying it was pulling out.

Verdict

Sunak's family continued to profit from a company that is putting money into the Russian economy.

We emailed Rishi Sunak’s office and Downing Street offering them the chance to respond. The email was received, but no reply.

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