Processed Russian Oil Products: Sanctions
Debate between Baroness Lloyd of Effra and Lord Ahmad of Wimbledon(2 months, 1 week ago)
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Baroness Lloyd of Effra (Lab)
I thank my noble friend for reminding us all of the cross-party commitment to supporting Ukraine, which I know is felt strongly across this place. I absolutely confirm that the package of sanctions against Russia is stronger than it was two days ago. It has introduced new restrictions on oil products refined from Russian crude in third countries. It includes a maritime service ban on Russian LNG to restrict Russia’s access to the UK’s world-leading shipping and insurance services. I can also confirm, in answer to her question, that these are going to be targeted short-term licences and exemptions that will be reviewed regularly. We absolutely intend that they are only temporary.
Lord Ahmad of Wimbledon (Con)
My Lords, I speak as the Minister responsible for taking through the SAMLA regulations. First, can the Minister respond as to why Section 55 has not been applied in this case? Secondly, it is customary, as I used to do with the noble Lords, Lord Collins and Lord Purvis, to give headlines to all people across this House about impending sanctions. I disagree with the premise: it is not about politicising the issue but about standing united behind Ukraine. Today, when we grant a general licence as an exemption—which is indefinite, and the Minister should confirm that from the Dispatch Box—we are, in the eyes not just of Mr Putin but of Ukraine—weaker in our support.