Russian Federation: Human Rights
Debate between Wendy Morton and Patrick Grady(3 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Wendy Morton
The UK remains concerned about the impact that Nord Stream 2 will have on European energy security, and particularly on the interests of Ukraine. Our focus continues to be supporting resilient European energy markets, including measures that strengthen and diversify gas supply and competition. Obviously, this is a matter for Germany, but I can assure my right hon. Friend that we remain concerned about the impacts of Nord Stream 2.
Patrick Grady (Glasgow North) (SNP)
There are some hon. Members on the Tory Benches who are openly rejoicing at the prospect of Brexit allowing deregulation of financial and investment markets. Given the massive flows of capital between Russian oligarchs and the City of London, how will the Government ensure that Russian officials responsible for human rights abuses are not allowed to profit in this way, and that there will be no diluting of standards and regulations that would get in the way of applying Magnitsky-style scandals?
Wendy Morton
I assure the hon. Gentleman that we continue to step up our activity, both domestically and internationally, to tackle illicit finance and dirty money entering our country. The National Crime Agency has increased the number of investigations into corrupt elites, and under the Criminal Finances Act 2017, we introduced a number of instruments that are being used to tackle illicit finance, including unexplained wealth orders.