European Council Debate

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Department: Cabinet Office

European Council

Chris Bryant Excerpts
Monday 26th March 2018

(6 years, 3 months ago)

Commons Chamber
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Theresa May Portrait The Prime Minister
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The United States has, of course, today announced the expulsion of 60 Russian diplomats. As part of the implementation period agreement, as my right hon. Friend will be able to see, we have come to an agreement as to how we are going to operate on foreign policy issues during the implementation period. However, it is certainly the case that we continue to be part of Europe; as I said, we are leaving the EU—we are not leaving Europe. We will continue to work closely with our allies across Europe in a variety of forums, including—and this includes, not least, the United States as well—in NATO.

Chris Bryant Portrait Chris Bryant (Rhondda) (Lab)
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I warmly welcome the robust attitude Europe has adopted towards Russia. Indeed, I warmly commend the Prime Minister for securing that, because I do not think that that was a small feat. May I make a suggestion to her about dealing with Russia, which is that we should do more to tackle the dirty Russian money sloshing around in the City of London? One measure could be easily taken. The Government have, quite rightly, introduced a register of beneficial ownership of trusts, but they are refusing to make it public. Is now not the time to make sure everybody knows who owns what in this country, and to make sure Russian dirty money will not swill around this country because the City of London Corporation is clean and we will make everything public?

Theresa May Portrait The Prime Minister
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We do not want dirty money, whatever its source, in the City of London or the United Kingdom. That is why we have taken a number of steps to enhance our ability to deal with that issue. It is why the National Crime Agency will always act where there are issues around criminal activity or illicit finances. It is why we brought forward proposals in the Criminal Finances Act 2017, which gave us even greater strength, and it is why we will be dealing with the other issue that the hon. Gentleman always raises with me, the Magnitsky issue, in the sanctions Bill.