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?


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