Russia: Sanctions Debate
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Lord Alton of Liverpool
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Russia: Sanctions
Lord Alton of Liverpool Excerpts(1 year, 10 months ago)
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Lord Ahmad of Wimbledon (Con)
My Lords, the noble Lord will recall that, when we were taking through the sanctions and anti-money laundering legislation, part of that was to ensure a proper and structured review by the Government of those sanctioned. That is part of our legislative process. Providing details of every single individual or organisation would create more work for the Government than necessary, and the cost would be uneconomical. However, within our sanctions policy, when someone or an organisation first has a sanction imposed, there is a way for them to appeal and challenge it. Those sanctions are reviewed on a regular basis.
Lord Alton of Liverpool (CB)
My Lords, notwithstanding what the noble Lord has been able to tell us about the efficacy of sanctions impacting Russian GDP, will he return to the question of circumvention which has been raised with him? In particular, he will have noted that Chinese currency is being used to break regulations and sanctions on currency rules. He will have also seen the sale of Shahed missiles from Iran to Russia, which are being used to pummel and pound the infrastructure in Ukraine, terrorising the people there. How are we using Magnitsky sanctions to further identify those who broker such deals?
Lord Ahmad of Wimbledon (Con)
My Lords, there is a series of sanctions. The noble Lord spoke of the Magnitsky sanctions. We have exercised that type of sanction, particularly where we see human rights abuses taking place. That will continue as part of what we seek to do. On the issue of circumvention, he specifically raised how currencies are used, and the noble Lord, Lord Purvis, has also raised this. It is important that we use our good offices and work with key markets to ensure that it is made clear that circumvention is an abuse of laws of countries. The sanctions are imposed for a reason—to ensure, in the case of Ukraine, that those responsible for this illegal war are held to account.