St Petersburg International Economic Forum

Lord Balfe Excerpts

Monday 30th April 2018 Lords Chamber

Asked by

[Lord Balfe]

To ask Her Majesty’s Government what is their assessment of the attendance of United Kingdom executives at the St Petersburg International Economic Forum from 24 to 26 May.

[The Minister of State, Department for International Trade (Baroness Fairhead) (Con)]

My Lords, the attendance and participation of UK companies at the St Petersburg International Economic Forum, or SPIEF, is entirely a matter for them. We have not sought to influence them one way or another. Her Majesty’s Government continue to offer advice to UK businesses operating in Russia and support legitimate sanctions-compliant trade and investment.

[Lord Balfe (Con)]

I thank the Minister for that reply, but the Japanese Prime Minister, the French President and senior members of the European Commission will be there pushing their Governments’ cases. Who will be representing the British Government? Does she accept that some British businesses feel rather bereft of support in view of the way the sanctions debate with Russia has escalated rather out of control?

[Baroness Fairhead]

I thank my noble friend. It appears that Prime Minister Abe and President Macron will be attending and there is a whole series of bilateral ministerial levels in Russia. In line with government guidance, there will be no ministerial representation. However, I can confirm that Her Majesty’s ambassador to Russia will be there. He will be present to meet, greet and support our UK businesses. That is part of a calibrated response to signal that we are unhappy about what has happened, while at the same time making sure that we support our businesses. That sort of engagement is critical to making sure that there is engagement between businesses and people.