The madness of Jacob Rees-Mogg – he has cash invested in a blacklisted RUSSIAN bank

The Conservatives are heading for another embarrassing public relations disaster after it was revealed that Jacob Rees-Mogg has invested millions of pounds in a blacklisted Russian bank.

Sberbank, based in Russia, is currently under EU and US sanctions, imposed over the annexation of the Crimea by Russia in 2014.

Mr Rees-Mogg’s company, Somerset Capital Management Ltd, has £58 million invested in it.

Note also that the bank extended a huge line of credit to the Trump Tower developer. All in it together?

Somerset Capital Management is also involved in tax-dodging, it appears:

Meanwhile, two-faced Mr Rees-Mogg is sabre-rattling against his Russian business partners, claiming the UK should have a permanent base in the Baltics “to show Vladimir Putin that the West will not be ‘bullied’ by the Kremlin”.

Not only that, but he has said Britain should call on the Republic of Ireland to leave the EU single market and customs union as a way of avoiding a hard border with Northern Ireland.

Clare Hepworth is correct. Mr Rees-Mogg is indeed in the chair of the large Conservative Party organisation which is, basically, conspiring to force the UK government into the hardest of hard Brexits (and succeeding, it seems).

His friends in the ERG? His friends in tax havens? Or his friends in Russia?

Vox Political needs your help!
If you want to support this site
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Here are four ways to be sure you’re among the first to know what’s going on.

1) Register with us by clicking on ‘Subscribe’ (in the left margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.

The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:


3 thoughts on “The madness of Jacob Rees-Mogg – he has cash invested in a blacklisted RUSSIAN bank

  1. NMac

    Rees-Moog, the thoroughly dishonest and odious Tory hypocrite. It would be interesting to see the results of a thorough Fraud Squad investigation into this man’s personal and business financial affairs.

  2. Pat Sheehan

    This is one of the two (or more) faces of the ‘conservative’ party. Some of them are uglier than others: but they are all ugly!

  3. Anthony Blighe

    If Rees-Mogg was changing the investment strategy of his firm to suit his political agenda there would be an outcry, and, indeed, it would be illegal for him to do so. His firm invests its customers’ money according to the criteria set out in their investment strategy. If I put money into a ‘green’ fund, then found out that the fund put money into oil, or refused to invest in electric vehicles due to their political views I would be justifiably outraged and would have a legal case against the firm.

    This story is a shameful mud slinging exercise.

Comments are closed.