Oral Answers to Questions Debate
Full Debate: Read Full DebateJim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)Department Debates - View all Jim Shannon's debates with the Department for International Trade
(2 years, 7 months ago)
Commons ChamberI 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.
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?