Oral Answers to Questions

Jim Shannon Excerpts

Thursday 21st April 2022 Commons Chamber

[Jim Shannon (Strangford) (DUP)]

21. What assessment her Department has made of the effectiveness of UK sanctions on Russia in reducing international trade with that country.

[The Secretary of State for International Trade (Anne-Marie Trevelyan)]

I am very busy today, Mr Speaker. In co-ordination with our allies, we are introducing the largest and most severe economic sanctions that Russia has ever faced, to help cripple Putin’s war machine. We are denying Russia most-favoured-nation treatment relating to hundreds of key products, ramping up the pressure on Russia’s economy by making it more difficult for it to trade by imposing punitive tariffs of 35%. We are prohibiting the export of certain goods, including critical technologies and luxury goods, and finally we are also phasing out the import of Russian oil and coal to deny it access to lucrative energy revenues. Details can be found in the impact assessment on gov.uk.

--- Later in debate ---

[Mr Speaker]

Let us move on to Jim Shannon.

[Jim Shannon]

You almost caught me out there, Mr Speaker. May I, on behalf of the Democratic Unionist party, wish Her Majesty the Queen a very happy birthday on this special day?

I thank the Secretary of State very much for her response to the question. This United Kingdom of Great Britain and Northern Ireland is united in its campaign to put sanctions on Russia. The effects include some companies across the United Kingdom, but companies in Northern Ireland in particular are having to find alternative places to sell their products and alternative sources to purchase products that they usually buy from Russia. What has been done to help those UK companies, including those in Northern Ireland?