Ukraine

Iain Duncan Smith Excerpts

Monday 21st February 2022 Commons Chamber

[Mr Wallace]

Unexplained wealth orders are not a matter for politicians; they are for economic crime investigators and the National Crime Agency. I can no more direct an unexplained wealth order than the right hon. Gentleman can. However, when I was Security Minister I was the victim of a Russian fraud that tried to suggest that I had a conversation with and tried to direct the Russian Prosecutor General.

I am disappointed that there have not been as many unexplained wealth orders as I had hoped, but the legislation was taken through and they represent a powerful model. They have been used against some pretty unsavoury people—I am delighted with that—but the right hon. Gentleman is right that not enough have been used. We are quite unique in having them—not many other countries do—and we should use them more, but we should understand why the NCA has not delivered as many as we would have hoped.

There are other tools to be considered. I welcome the long-term commitment on beneficial ownership, and I think we will soon see the Companies House legislation. I remember being horrified to discover that a sanctioned individual could start a company because, in those days, I do not think that there was even an identity check. That has to stop. There has been some tightening up, but it will take legislation, and I hope the whole House will support it.

[Sir Iain Duncan Smith (Chingford and Woodford Green) (Con)]

I commend my right hon. Friend’s calm and straightforward posture during the course of this, and I think he has done incredibly well. However, I say to him that, in all of our debates and even on TV, we behave as though Russia is threatening to invade Ukraine. Russia has already invaded Ukraine: it took Crimea, and right now it is furnishing the Donbas region with munitions to create even further trouble. When we look at it like this, what worries me slightly is that, with lots of foreign leaders going over to see Mr Putin, which is what he wants, we may just get a position where there is a little scintilla of a question of saying, “Well, maybe—maybe—we won’t let Ukraine into NATO, if it wanted to come in, and maybe we will make it clear that is not something it could get.” Can I get an absolute assurance from my right hon. Friend that the UK Government believe that if the democratically elected Government of Ukraine wish to do anything and ask to do it, they will be entertained no worse than any other country would be?

[Mr Wallace]

My right hon. Friend makes a powerful point, and we should be true to our values. The Prime Minister was very clear at Munich that the point my right hon. Friend raises is absolutely the case. It is also the case that the NATO response to Russia—all 30 members—was very clear on that. We shall hold each other to that commitment, and I think it is absolutely right that now is the time to stand up and say, “These are our values and they are not up for compromise. We are not going to give a single inch and, fundamentally, we are not going to reward a bully.”