Russia: Sanctions

Baroness Smith of Newnham Excerpts

Tuesday 21st May 2024 Lords Chamber

[Lord Cameron of Chipping Norton (Con)]

The noble Lord is absolutely right to raise this. As he knows, we have invested money in the Joint Maritime Security Centre, and that is making a difference. We have sanctioned Turkish and Emirati shipping company owners involved in facilitating this shadow fleet. We deploy our diplomatic network to deter third countries where we can, and we are working through the IMO. We are going to have the power to sanction individual vessels and their owners. However, the noble Lord is right to say that there is more we can do. Fundamentally, these are mostly uninsured, leaky, unsafe, environmentally unsound ships, and we should be going after them whenever and wherever we can. It is possible to do more, particularly when they potentially threaten environmental disasters in the countries they are going past. One of the things we want to do at the forthcoming European Political Community meeting is to work with partners to see what more we can do to take this weapon out of Putin’s hands.

[Baroness Smith of Newnham (LD)]

My Lords, what assessment have His Majesty’s Government made of the fact that oil is being sold through China and India and then being resold, so in many ways circumventing the sanctions? The fact that other ships having been sanctioned and subject to secondary sanctions does not seem to have stopped those oil sales. Is there a way of further strengthening sanctions so that they really bite?

[Lord Cameron of Chipping Norton (Con)]

The noble Baroness makes a good point. There has been an effect on Russian revenue because of the price cap, but a lot of sales are still going through, using shadow tankers, and into other markets. One thing we are trying to do here to make sure that refined product does not leak back into the UK is to make sure that all importers of oil and oil products into the UK provide proof of origin to relevant enforcement authorities to demonstrate that the goods are not of Russian origin. We will do that, but, as I said in my earlier answer, there is probably more we can do with other countries and allies to chase down this shadow fleet wherever we can.