Blair McDougall
Main Page: Blair McDougall (Labour - East Renfrewshire)Department Debates - View all Blair McDougall's debates with the Department for International Development
(2 months, 2 weeks ago)
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Anneliese Dodds
I am grateful to the hon. Member for his question. He is right in his implication that we need a robust sanctions regime—this Government are absolutely committed to that. Without sanctions, we estimate that Russia would have over £400 billion more to fund its war for another four years. It is important that we continue with that sanctions regime and do what we can to ensure that it is impossible to circumvent—I believe that his point was about that particular issue.
There is an international movement towards ensuring that Russian sovereign assets are put into play to support people who have been so appallingly impacted in Ukraine. We are working intensively with all our allies to pursue lawful ways to ensure that Russia meets its obligations. Together with our G7 partners we have agreed to make available approximately $50 billion to Ukraine by the end of the year by advancing the extraordinary profits generated by immobilised Russian sovereign assets in the EU and other relevant jurisdictions. Work is already ongoing on the issues that the hon. Member mentioned, if I understood his question correctly.
Blair McDougall (East Renfrewshire) (Lab)
I welcome what the Minister said about efforts to tackle the Russian shadow fleet. She will also be aware that an estimated £600 million-worth of refined products of Russian origin have made their way into our economy. Given her answer a moment ago about the need for a robust sanctions regime, what more can she do to crack down on that? The democracy in Kyiv will find it more difficult to win if we are also funding the dictatorship in Moscow.
Anneliese Dodds
I am grateful to my hon. Friend for raising that important point. Putin’s shadow fleet softened the blow of our sanctions regime, and it poses serious maritime security and environmental risks. In response, the new Government have already taken decisive action. Earlier this month we sanctioned 11 Russian ships, and almost all sanctioned tankers have ceased trading Russian oil. As I mentioned, at the European Political Community summit, 44 countries and the EU signed the call to action, spearheaded by the UK, calling out the risks posed by the shadow fleet and committing to work together to confront those risks. I will not speculate on future decisions on our sanctions regime, but we will of course always keep it under review.