In this file photo taken on June 20, 2017 The headquarters of the British bank Barclays (R) is seen at the Canary Wharf district of east London on June 20, 2017. AFP / Paul ELLIS
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The British Parliament's Foreign Affairs Committee slammed the government Monday for "turning a blind eye" to the role London's financial center plays in laundering the proceeds of Russian corruption, saying it helps the Kremlin finance its aggressive foreign policy. Despite the government's tough rhetoric after the nerve agent attack on a former spy in Britain earlier this year, Russian President Vladimir Putin's allies have been able to do "business as usual" in London's financial center, according to a report titled "Moscow's Gold: Russian Corruption in the U.K". Britain needs to crack down on corrupt Russian money following the March 4 poisoning of Sergei Skripal and his daughter, Yulia, which the government has blamed on the Russian state, the committee said.The committee highlighted Russia's sale of $4 billion of Eurobonds, nearly half of which were bought by U.K. investors, just two days after Britain expelled 23 Russian diplomats in March.The scale of such investments makes it difficult for the U.K. to impose meaningful economic sanctions on Russia for fear of harming British business interests and innocent Russians.
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