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Hussar Ltd

Volume 711: debated on Monday 1 June 2009

Question

Asked by

To ask Her Majesty's Government what assessment they have made of the activities of Hussar Ltd, a United Kingdom company based in Jersey with a London office, with regard to the purchase of gold in the Democratic Republic of Congo. [HL3791]

The UN's Group of Experts on the Democratic Republic of Congo (DRC) has investigated the activities of Hussar Ltd in the trade of gold from DRC. Its inquiries covered Hussar Ltd's relationship with Uganda Commercial Impex Ltd, a company now subject to UN sanctions. We concluded in 2006 that it would not be appropriate to impose sanctions on Hussar Ltd through the UN. We have no information to indicate that Hussar is currently involved in the trade of gold from DRC. If it resumes its involvement in this trade, we would expect the company to act in compliance with the terms of the UN arms embargo and sanctions regime which apply in DRC.