Countering Russian Aggression and Tackling Illicit Finance

Debate between Amanda Milling and Hywel Williams

Wednesday 23rd February 2022 Commons Chamber

[The Minister for Asia and the Middle East (Amanda Milling)]

I thank the right hon. Member for Tottenham (Mr Lammy) for securing this timely debate and join him in expressing our united support for the people of Ukraine and their territorial integrity. We have seen events unfolding that none of us thought we would ever witness again.

We have unreservedly condemned this outrageous and unjustified act. This action is inconsistent with the United Nations charter and a clear breach of international law. It demonstrates flagrant disregard for Russia’s commitments under the Minsk agreement and represents a further attack on Ukraine’s sovereignty and territorial integrity. We continue to call on Russia to observe its obligations under article 2(4) of the United Nations charter to

“refrain…from the threat or use of force against the territorial integrity or political independence of any state”.

We reiterate our unshakeable commitment to the sovereignty, territorial integrity and independence of Ukraine. We insist that the Russian Federation immediately returns to compliance with its obligations under the United Nations charter and its commitments under the Helsinki Final Act and the 1994 Budapest memorandum. We demand that the Russian Federation immediately withdraws all its military forces from the territory of Ukraine, unconditionally and without exception. We also insist that the Russian Federation allows and facilitates the safe and unobstructed access of humanitarian assistance by international agencies for those in need in Ukraine. Yesterday, the Prime Minister announced, here in the House, the UK’s response to this action.

[Hywel Williams (Arfon) (PC)]

I agree with the Minister’s fine words, but two weeks ago, the Prime Minister told the House, on Ukraine, that the UK’s role was “to lead the West”. In the meantime, Germany has put Nord Stream 2 on hold indefinitely. Today, the European Union has sanctioned Duma deputies, the Russian Defence Minister and the Russian air force and Black sea fleet commanders, and it has brought in asset freezes and sanctioned 23 individuals, five banks and an internet troll factory. The USA has also extended sanctions. Is the UK actually leading the west?

[Amanda Milling]

I thank the hon. Gentleman for his intervention. I would say that we absolutely are leading, with our allies. I will come on to the package of measures and some of the points that have been raised, as well as what we will go on to do.

The UK is one of the largest and most open economies, and London is one of the world’s most attractive destinations for overseas investments. Those factors not only make the UK attractive for legitimate business, but expose the UK to illicit finance and money laundering risks. We are well aware that individuals with links to the Russian state may seek to further their reputation and influence in the UK through strategic investments. We continue to look in close detail at the nature of those relationships. We examine the intentions of those individuals; professional enablers, individuals or entities who facilitate corrupt elites; and what that money can be and is being used for in the UK.

Money obtained through corruption or criminality is not welcome in the UK or in our Crown dependencies and overseas territories. The Government are at the forefront of tackling illicit finance, combating the threat from source to destination, including those linked to Russia.