Lord Spellar
Main Page: Lord Spellar (Labour - Life peer)Department Debates - View all Lord Spellar's debates with the Ministry of Defence
(1 year, 6 months ago)
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Mr Wallace
That is a good idea, and I will definitely pass it on to the Chancellor. Work has already been done through the G7 with the oil cap, but my hon. Friend is absolutely right that Russia needs funding—it needs to sell its oil and gas. Currently, there are reports that it sells it to China and India at huge discounts in order to get it there. The Foreign Office and the Treasury work tirelessly to close any loopholes that are brought to their attention, whether by Members or anyone else, including the law enforcement agencies. Russia has shown itself to be adept in using those loopholes, but we do see that the Russian industrial base is now struggling with the rearming of some of its equipment. So many of its subsystems seem to have come from the west that it is now definitely finding it hard to resupply itself.
John Spellar (Warley) (Lab)
The announcement about new munitions to Ukraine is very welcome, but we also need reassurance that the Secretary of State’s Department will be able to restock. Can he tell us what the Department is doing to ramp up and sustain production capacity, including supply chains, not only to support Ukraine until the end of this conflict, but to ensure we restock our own armed forces?
Mr Wallace
The right hon. Gentleman consistently asks about this matter, and he is right that we have to keep restocking ourselves. Some of the restocking has started, including the next-generation light anti-tank weapons, if Members remember the very first gifting—that restocking started a few months ago—and the low and high-velocity anti-aircraft missiles. I am hoping to be able to inform the House in June that we have placed a long and enduring contract in the UK to replace our 155 mm shells. One thing that this conflict exposes is that we need those types of fires available. Restocking is important, and in the autumn the Treasury gave me £560 million for some of that refurbishment, but there was also other funding in the latest Budget, which I will of course make sure is spent on keeping our forces refurbished.