Thursday 8th January 2015

(9 years, 10 months ago)

Lords Chamber
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Baroness Anelay of St Johns Portrait Baroness Anelay of St Johns
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My noble friend is far more expert in matters of energy and oil prices, but we have all noticed the drop in the oil price to below $50 a barrel, which is having a severe effect on the Russian economy. However, certainly as far as Mr Putin is concerned, with regard to Ukraine there is a straightforward answer to achieving the relaxation of sanctions, which is to abide by the Minsk protocol and to remove his troops from a sovereign state.

Lord Dykes Portrait Lord Dykes (LD)
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Does my noble friend heed the wise words of the noble Lord, Lord West, earlier on in these exchanges about no excessive overreaction in the West, bearing in mind that Russia—not only Putin, but many people in Russia—feel very resentful about American triumphalism after the collapse of the Soviet Union, with overreaction, threats of new missiles and so on? The whole long litany of mistakes made by the West has caused Russia to find excuses for bad behaviour.

Baroness Anelay of St Johns Portrait Baroness Anelay of St Johns
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My Lords, given that Mr Putin invaded a sovereign state and has seized part of that sovereign state, where the humanitarian situation, in particular for Crimean Tatars, is deteriorating, our response has been moderate and proportionate.