European Council Debate

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Department: Cabinet Office
Monday 10th March 2014

(10 years, 8 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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My hon. Friend makes a very important point. Diversifying Europe’s energy supplies requires looking at what action we can take to link Europe to some of the supplies in the Caucasus. I remember discussing this issue with President Aliyev when I met him recently, and I know the Foreign Secretary has had those discussions as well. This is part of a larger pattern of diversifying Europe’s energy supplies and making us more resilient in this sort of situation.

Andrew Gwynne Portrait Andrew Gwynne (Denton and Reddish) (Lab)
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Further to the question asked by my hon. Friend the Member for Edmonton (Mr Love), Gazprom has already warned Ukraine that it may cut off gas exports unless it pays back the $1.89 billion debt it owes. Surely now is the time for the timely transfer of financial support to allow Ukraine to pay off that debt to prevent a repeat of 2009, but what contingency plans are in place should that not happen?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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Clearly, Ukraine needs to pay its bills, as well as paying its pensioners and funding its Government to ensure—[Interruption.] I know that the hon. Member for Bolsover (Mr Skinner) misses the old days of the Soviet Union, but perhaps he will stop speaking from a sedentary position for five minutes. It is important that Ukraine pays its bills, and an IMF programme and IMF action can help that to happen.