European Council

Christopher Pincher Excerpts

Monday 10th March 2014 Commons Chamber

[The Prime Minister]

The hon. Gentleman makes an important point and I discussed this specific issue with Chancellor Merkel last night in Hanover. The IMF has the ability to move very quickly, should it judge it necessary, to support Ukraine’s economy and national finances. There is a team there at the moment which is looking at the sort of programme that could be put together, but even before a programme becomes deliverable, if it needs to step in and act faster, it can.

[Christopher Pincher (Tamworth) (Con)]

My right hon. Friend is absolutely right to say that Russia’s energy supplies give it tremendous muscle in eastern Europe and in other parts of Europe too. That has been reiterated many times this afternoon. Specifically, over the medium term will he encourage the development of the southern corridor gas and oil pipelines from the south Caucasus across Turkey and into southern Europe—pipelines promoted by BP, which will go a long way to helping to develop diversification of Europe’s energy landscape?

[The Prime Minister]

My hon. Friend makes a very important point. Diversifying Europe’s energy supplies requires looking at what action we can take to link Europe to some of the supplies in the Caucasus. I remember discussing this issue with President Aliyev when I met him recently, and I know the Foreign Secretary has had those discussions as well. This is part of a larger pattern of diversifying Europe’s energy supplies and making us more resilient in this sort of situation.