(7 months ago)
Commons ChamberI know the Deputy Foreign Secretary is doing his best. On the issue of repurposing state assets, we are told, “Just wait, we will get there. We have a G7 meeting, we will get there.” I say to him very gently that we are the country of the rule of law; we do not wait for others to get there. With the City of London, we must be able to do better than this. I put him on notice that if we win the next general election, we will review these powers, because we are determined to see that enforcement happen. If our allies in the United States can do it at speed, this great country can do it at speed as well.
It is clear from the evidence that many NGOs already have that exports from this country and other parts of Europe go through Turkey, Azerbaijan and China, for example, which are clearly not end-user destinations. Those exports are then being moved to Russia. For example, I am told that Bentley cars are still available in Moscow. If that is the case, where are they being exported through? Quite clearly, it will be places such as China and Azerbaijan.
My right hon. Friend conveys the loophole after loophole that countless journalists have pointed out, and that countless members of the public can see. The Deputy Foreign Secretary knows that it is rather embarrassing, when we are in Ukraine with people who are putting their lives on the line, that it is still happening. We have to crack it, we can crack it, and I hope that we will now crack it at speed.
Thirdly, does the Deputy Foreign Secretary agree that we have to boost defence industrial production? The shadow Defence Secretary, my right hon. Friend the Member for Wentworth and Dearne, has returned to this subject over and over again. The £2 billion for restocking Ukraine and our armed forces must be fast-tracked. The UK’s defence industrial strategy must be rebooted to grow our defence base at home and drive collaboration with our allies. In particular, United Kingdom and Ukrainian defence companies should be launching new programmes at this time to jointly supply the most advanced technology to both our countries.
This election year, the Labour party is committed to taking the politics out of support for Ukraine. I push the Deputy Foreign Secretary and the Government on these issues in a spirit of working together, and we will remain determined to work together on this issue. He will have sensed that these questions are coming from both sides of the House. We will stand with Ukraine for as long as it takes to win. That is our commitment from the Labour Benches. We are determined that Vladimir Putin will not get his way.
(2 years, 9 months ago)
Commons ChamberMy hon. Friend is exactly right. I have already seen Ukrainian MPs saying today that they are disappointed that our sanctions regime does not go further.
We have sought to send a unified message across this House and to provide constructive opposition in the national interest. It is in that spirit that we approach today’s announcement. As the Minister knows, while we welcome these measures, we believe that they are too limited and too partial—five banks and just three individuals. The Prime Minister recognised at the Dispatch Box today that this move is a further invasion of Ukraine. It is very hard to square the rhetoric with the reality of these measures.
I have to agree with my right hon. Friend about the limitations of the sanctions on those individuals. However, does he agree that if the regulations’ definition of “involved person”, especially the reference to being
“involved in…obtaining a benefit from or supporting the Government of Russia”,
is interpreted widely with the right political will, it could take in a lot of individuals who have a lot of money salted in the UK, including a lot of the oligarchs who have property or other interests here?
My right hon. Friend is exactly right: it could, but it needs enforcement and we need to hear more individuals named. The danger in this debate is that the punishment does not befit the crime. I understand the Government’s desire to maintain a broader deterrent against further escalation, but it is also clear that a threshold has been crossed. The gravity of Putin’s actions requires a broader, firmer and fuller response, otherwise we risk his calculating that the rewards of aggression outweigh the costs.