War in Ukraine: Illicit Finance Debate
Full Debate: Read Full DebateDepartment: Foreign, Commonwealth & Development Office
Fleur Anderson
Main Page: Fleur Anderson (Labour - Putney)Department Debates - View all Fleur Anderson's debates with the Foreign, Commonwealth & Development Office
(1 year, 11 months ago)
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Fleur Anderson (Putney) (Lab)
The hon. Member is making a powerful speech. I am pleased to see this report and the recommendations in it. I have been talking to Ukrainian MPs since the visit that he and I made to Kyiv. One of the biggest issues they have raised is about not just having sanctions but having a sanctions regime that ratchets up internationally. The sanctions partnership is absolutely essential.
Just now in the House, the Prime Minister was congratulating the work done already on sanctions, but we cannot stop there. We need to move on. The ramping up of sanctions and the seizing—not just freezing—of assets are absolutely being called for by Ukrainian politicians and people.
To put into context the sums the hon. Gentleman has been referring to, right now there is a $38 billion budget gap for the running of Ukraine and billions also need to be paid back in reparations. This solution is much needed and would restore the reputation of London as a financial centre, not a money laundering centre.