Oral Answers to Questions Debate
Full Debate: Read Full DebateJeff Smith
Main Page: Jeff Smith (Labour - Manchester Withington)Department Debates - View all Jeff Smith's debates with the Foreign, Commonwealth & Development Office
(9 years, 5 months ago)
Commons ChamberI hear what my hon. Friend says, but I do not think we can be accused of complacency. I recently raised the Maldives again with the Commonwealth Secretary-General, the Indian Foreign Secretary and the US assistant Secretary of State. Both my right hon. Friend the Prime Minister and I have met Mr Nasheed’s wife, and Amal Clooney and other members of Mr Nasheed’s legal team, to discuss the situation. We are closely involved.
2. What assessment he has made of the effectiveness of EU sanctions on the Russian Federation.
Sanctions are having a tangible impact on Russia by exacerbating negative trends in the Russian economy. Russian sovereign debt has been downgraded to junk status by two ratings agencies and forecasters predict that the Russian economy will contract by between 3.5% and 5% during the current year.
The BRIC countries—Brazil, Russia, India and China—announced at the summit last week that they will not join in imposing sanctions on Russia. How much of a blow does the Minister consider that to be, and what diplomatic efforts will the UK Government make, if any, to remedy the situation?
We continue to urge all countries to bring pressure to bear, by diplomatic and other means, on Russia to desist from its interference in the affairs of Ukraine and to withdraw the support it has been giving the separatists there. I do not believe that the decision to which the hon. Gentleman referred will have a significant impact on the efficacy of the sanctions that the European Union and the United States have imposed.