European Council

Andrew Love Excerpts

Monday 10th March 2014 Commons Chamber

[The Prime Minister]

My hon. Friend raises a subject that can get diplomats talking for ever and ever, possibly without a conclusion. I think that what this demonstrates is the need to consider at the UN Security Council resolutions that may require Russia to show her colours in this regard. I remember a number of occasions when Russia, and indeed China, have talked about the importance of non-interference in the affairs of another nation state, yet what we see here is interference in the affairs of another sovereign nation state, Ukraine.

[Mr Andrew Love (Edmonton) (Lab/Co-op)]

Further to the Prime Minister’s response to my hon. Friend the Member for Kilmarnock and Loudoun (Cathy Jamieson) on the International Monetary Fund, Ukraine is facing economic collapse, and Gazprom is threatening to cut off gas supplies. There is an urgency that does not seem to be recognised in the IMF timetables. What efforts are the Prime Minister and the EU making to get it to address the urgent need for financial assistance?

[The Prime Minister]

The hon. Gentleman makes an important point and I discussed this specific issue with Chancellor Merkel last night in Hanover. The IMF has the ability to move very quickly, should it judge it necessary, to support Ukraine’s economy and national finances. There is a team there at the moment which is looking at the sort of programme that could be put together, but even before a programme becomes deliverable, if it needs to step in and act faster, it can.