Asked by: Lord Temple-Morris (Labour - Life peer)
Question to the Foreign, Commonwealth & Development Office:
To ask Her Majesty’s Government what assessment they have made of the cost to the United Kingdom of participation in European Union and other sanctions against Russia in connection with events in Ukraine, both in relation to loss of direct trade and also through Russian reciprocal actions.
Answered by Baroness Anelay of St Johns
EU sanctions imposed on Russia have been designed to maximise the impact on Russia whilst minimising the impact on the UK and EU. We accept that there will be a cost to our economies both from EU sanctions and Russian retaliatory measures, and have been clear that it should be shared equally across the EU, but there is a much greater cost involved in failing to stand up to Russia’s destabilising and illegal aggression.
Asked by: Lord Temple-Morris (Labour - Life peer)
Question to the Foreign, Commonwealth & Development Office:
To ask Her Majesty’s Government whether they will list the sanctions in which the United Kingdom is participating against Russia in connection with events in Ukraine.
Answered by Baroness Anelay of St Johns
The UK supports and fully participates in the EU sanctions imposed on Russia for its actions in destabilising eastern Ukraine and illegally annexing Crimea. These measures include listing individuals and entities for travel bans and asset freezes, as well as economic measures such as an arms embargo, capital market restrictions for certain Russian state-owned companies, restrictions on exporting energy technology to Russia and specific bans on investment, tourism services, importing and exporting goods to and from Crimea. A full list of EU sanctions measures can be found on the EU website at: http://europa.eu/newsroom/highlights/special-coverage/eu_sanctions/index_en.htm. A copy of the current EU sanctions is attached.
Asked by: Lord Temple-Morris (Labour - Life peer)
Question to the Foreign, Commonwealth & Development Office:
To ask Her Majesty's Government what is their latest estimate of the effect of sanctions on Iran on exports from (1) the United Kingdom, and (2) the European Union.
Answered by Baroness Warsi
A significant set of EU, UN and US sanctions have been imposed on Iran because of its nuclear programme. UK exports to Iran fell to £79 million in 2013, down from £100 million in 2012, and £180 million in 2011. EU exports to Iran have also fallen, totalling €5.4 billion in 2013. This is down from €7.4 billion in 2012, and €10.5 billion in 2011.