Ukraine

Baroness Falkner of Margravine Excerpts

Thursday 8th January 2015 Lords Chamber

[Baroness Anelay of St Johns]

My Lords, I entirely agree with the noble Lord’s proposition with regard to the fact that the Minsk protocol must be adhered to by Russia; it must have oversight by the OSCE. It is absolutely clear that being beastly to Mr Putin has been no part of this country’s activity. We have sought to make sure that Russia keeps within its international commitments and international law, to which it has signed up. Nobody is to blame for what is happening to Russia now except Mr Putin.

[Baroness Falkner of Margravine (LD)]

My Lords, does my noble friend accept that a political collapse in Ukraine will have not only profound security but also economic consequences for the entire West? Will she therefore tell the House why the international and multilateral institutions are being so very cautious in putting in place a Marshall plan for Ukraine? If the Ukrainian Government collapse, it will be too little, too late if this caution continues to prevail.

[Baroness Anelay of St Johns]

My Lords, I am sure that my noble friend is aware that the IMF has been carrying out a study within Ukraine. It was clear when the Ukrainian Government put forward their first budget, which was adopted by the Rada, that there was a shortfall—it did not properly reflect the need for international activity. We are now waiting for the IMF to report on its findings before we can make further estimates about what action to take. I understand entirely why my noble friend is so concerned.