Liam Byrne
Main Page: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North)Department Debates - View all Liam Byrne's debates with the Leader of the House
(2 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mark Spencer
As my hon. Friend will recognise, there have been a number of occasions this week to discuss a rapidly changing situation. I hear his plea. There will be an opportunity for an urgent question to be submitted tomorrow. The Prime Minister will update the House at 5 pm, and of course that will not be the last occasion on which the House is updated on the situation in Ukraine. We will continue to keep the House informed as the situation develops.
Liam Byrne (Birmingham, Hodge Hill) (Lab)
Can we have a debate about why Vnesheconombank was not sanctioned this week? As the Leader will know, its deputy governor was appointed by Vladimir Putin in 1999. On 29 April 2016, that deputy governor was given $8 million by a sanctioned individual, Suleiman Kerimov. Shortly thereafter, Lubov Chernukhin—wife of Vladimir—transferred £1.5 million to the Conservative party. Missing from the sanctions list this week was that deputy governor’s bank. The Government will want to avoid any suspicion that they were paid to look the other way, and I do not want to apply for an unexplained wealth order against the Conservative party, so can we have a debate to clear that up once and for all?
Mark Spencer
The right hon. Gentleman raises an important issue. He will be aware that the statutory instrument that was introduced this week allows for high-net-worth individuals associated with the Russian regime to be sanctioned. I know that my colleagues in the Ministry of Defence and the Foreign, Commonwealth and Development Office are looking at a number of high-wealth individuals who will be subject to that sanctions regime. We have announced some names already and I am sure that others are being looked at as we speak.