Sanctions

Lindsay Hoyle Excerpts

Monday 28th February 2022 Commons Chamber

[Elizabeth Truss]

I thank the right hon. Gentleman for his statement of unity; a strong message is going out to Putin and around the world that the United Kingdom is united in our support for Ukraine. We can see that from the demonstrations and from the public concern and interest in this appalling act of aggression and invasion that has taken place.

Yesterday, I joined a call with the G7 Foreign Ministers. We agreed that the sanctions that we had put in place so far are having an impact, but we need to do more. We need to work in unison and act in unity. We also agreed to increase the supply of defensive weapons in Ukraine.

The right hon. Gentleman is correct: Germany has taken courageous steps. It has transformed its energy policy and its defence policy, and we have seen a huge rising of public opinion right across Europe. I also want to praise Japan, South Korea and Singapore, which have put sanctions on for the first time.

I and my Foreign Office colleagues are putting in calls to Foreign Ministries around the world. We are encouraging more countries to put on sanctions and to speak out at the UN. The right hon. Gentleman is right that there are some countries that are democracies which should be standing up against the invasion of a sovereign democracy, and we are making that point to them day and night. What we are seeing is that Putin is completely isolated. There is nobody else backing him up in international forums and there is a growing group of countries prepared to put sanctions on and to supply defensive weapons. We are leading the charge in bringing those countries on board.

On the specific issues that the right hon. Gentleman mentioned, we have a hit list of oligarchs and Duma members that we are working through to sanction as soon as we can. Foreign Office officials are working through the night. We have extra lawyers and have tripled the amount of people in our sanctions department to make that happen. We are looking at more sanctions on the energy industry and the technology industry. We want to see a total ban on SWIFT transactions. We are encouraging our allies across the world to back that. We also want to see a full bank freeze in the coming days.

It is vitally important that we maintain unity with our allies. There are many countries that are heavily dependent on Russian oil and gas. The UK gets only 3% of its energy from Russian oil and gas. The figure for some countries is as high as 90% or 100%; we have to reduce that over time, and that is what we are working on through the G7.

I am very pleased that the right hon. Gentleman has backed the approach we are taking. I want to continue to work cross-party to do all we can to support the brave people of Ukraine and to make sure that Putin loses.

[Mr Speaker]

I call the Chair of the Foreign Affairs Committee, Tom Tugendhat.

[Tom Tugendhat (Tonbridge and Malling) (Con)]

I very much welcome my right hon. Friend’s commitment. She has been working literally through the weekend, night and day, to get these sanctions right and to get them in place. Will she join me in assuring the Russian people that the moneys frozen—the moneys seized—which are, let us face it, very often stolen from them in the first instance, will be held and returned to the Russian people when this criminal conspiracy that laughably calls itself a Government falls and they actually have a proper Administration to which it can be returned? Will she also join me in urging many other countries around the world to join together and create a single fund from which a repayment mechanism can be created for the damage done to Ukraine and the rebuilding of Russia in due course?

[Elizabeth Truss]

My hon. Friend is right. Our issue is not with the Russian people, many of whom are now protesting against this appalling regime; it is with Putin and his cronies. That is who we are targeting with our hit on oligarchs. My hon. Friend is right that that money should be protected. I will look into the idea that he puts forward.

[Mr Speaker]

I call the SNP spokesperson.

[Alyn Smith (Stirling) (SNP)]

I am grateful for sight of the statement. The SNP is part of the global coalition in defence of Ukraine in international law. I commend the Foreign Secretary and her Ministers on the openness with which they have dealt with Opposition Members. That trust will be reciprocated; this is too serious a time.

If anything, I urge more. I support the statement and we will support the sanctions measures as they come forward, but I urge more and I urge faster ambition, particularly on refugees. The UK needs to waive visas, not wave flags. The EU has really given the lie to the generosity of the UK’s response on refugees by waiving visas for three years for all Ukrainian nationals. The UK needs to do the same. I appreciate that it is not in the Secretary of State’s remit, but I really urge the Government to act on the issue, because it is certainly the one most raised with me.

The EU’s response through the civil protection mechanism and the peace facility dwarfs the UK’s. The EU has acted with one voice: 27 member states are acting together. I really urge the UK to complement those efforts and match their scale and ambition in its measures, which we support but wish to see more of.

I have some specific questions about sanctions. We all agree about tackling oligarchs, but what plans are there to tackle and target the family members of oligarchs? When we were in Kyiv recently, that was mentioned as a particularly effective way of putting on pressure. I also note that there will be an advice facility for UK businesses affected by the sanctions. Is any consideration being given to providing financial aid for UK businesses hit by the sanctions? That seems the morally correct thing to do.

The Foreign Secretary will be aware of reports of a Russian tanker heading for Orkney to pick up oil. Will the legal powers to impound such vessels be in place in time for us to do so?

--- Later in debate ---

[Several hon. Members rose—]

[Mr Speaker]

Order. I am looking to run this statement for about an hour. Short questions and speedy answers would help us all.

[Dame Margaret Hodge (Barking) (Lab)]

I thank the Foreign Secretary for the progress that she is making. I ask just two questions. First, it is still unclear to me and, I think, to most members of the public whether members of the Duma can be sanctioned by this Government. Will the Foreign Secretary clarify that point for us? Secondly, it is not just Russia; jurisdictions such as Kazakhstan and Azerbaijan are also complicit in supporting Putin in his endeavours. Is she taking any action to sanction members of those jurisdictions?