Countering Russian Aggression and Tackling Illicit Finance

Christine Jardine Excerpts

Wednesday 23rd February 2022 Commons Chamber

[Christine Jardine (Edinburgh West) (LD)]

It is a pleasure to follow the hon. Member for West Dunbartonshire (Martin Docherty-Hughes), and to take part in this debate. This debate is so important at this point in our history, and I think we are all disappointed that it has to take place.

As a child of the cold war, I remember the feeling of relief in the 1990s that the constant threat and fear of a war in Europe had been lifted, yet here we are. As a student of international relations, I studied the Cuban missile crisis, but it is only in the past few weeks that I have fully appreciated what it is like to watch and wait, and to hope that, like Khrushchev, Putin would blink first and the crisis would be averted. We all know now that that is not what is going to happen and is not what has happened.

There has been the so-called incursion—the invasion—of east Ukraine, and the threat of sanctions as presented by the Government was not enough to prevent it. They did not propose sufficient financial pain for Putin and his allies to give any of them pause for thought. It was not enough to protect the people of Ukraine. The people of Kyiv—it is twinned with my own city of Edinburgh, and we have shared exchanges and had receptions with them—may now face the most horrific of ordeals, and that strengthens my resolve. I am so disappointed that the action proposed by this Government was not strong enough to deter it.

The Liberal Democrats welcome tough sanctions on Russia, and we wish to preserve the unity that will be so important in controlling this evil—not just unity in this House, but unity with our NATO allies. However, I fear we need something stronger and more far-reaching if Putin is to take our resolve seriously—something much stronger than we have at the moment. The current list of those who will face sanctions is weak, with only three individuals on it, and it allows many of Putin’s cronies simply to get away scot-free. It is time that we used the full force of the sanction powers at our disposal, and Putin’s Russia must be treated like the rogue state it is.

The Government have dithered and delayed on the draft registration of overseas entities Bill for more than 2,000 days now. It went through pre-legislative scrutiny in 2018, and we are told by a Minister in the Lords that it is sat on a shelf gathering dust. The Lib Dems, on the other hand, have been doing the Government’s work for them. My hon. Friend the Member for Oxford West and Abingdon (Layla Moran) has introduced the Registration of Overseas Entities Bill, using the text of the Government’s draft Bill, and it has support from all parties of the House. Why are we not accelerating its passage through the House? We would be prepared to sit night and day to get it passed this week, and I am sure others would be too, in order to put a stop to Russian interference in the UK property market.

We have heard much today about the Russian money with which London is awash, as well as about the kleptocracy. We have heard about the golden visas, which have now ended, but the Government dithered and delayed, while not prepared to offer visas to the foreign nationals working at the forefront of the pandemic. We need the long and overdue report on those golden visas and who is in receipt of them.

We will not persuade Putin of our resolve if we do not send a stronger message immediately. If we are saying that we will get more sanctions after further action, that is not enough. Measures such as moving the champions league away from St Petersburg are essential, but they are not enough.

We must be both united and strong in our stance against the outrage perpetrated on the people of Ukraine. We must be united on their behalf, and we must make sure that Putin is deterred, is deterred now and does not ignore the next warning. We must keep adding layers of warning before he has invaded Ukraine—all of Ukraine—and destroyed its democracy, denied its people their freedom and begun to look elsewhere.

[Several hon. Members rose—]