Lord Collins of Highbury
Main Page: Lord Collins of Highbury (Labour - Life peer)(2 years, 10 months ago)
Lords ChamberThe noble Baroness is quite right. We are co-ordinating with allies and partners to maximise the impact of all this. The Prime Minister spoke to the French, German, Italian and US leaders in December. In December, the G7 Foreign Ministers and the High Representative of the EU issued a joint statement calling on Russia to de-escalate. The Foreign Secretary raised concerns on the situation at the NATO Foreign Ministers’ meeting at the end of last year and at the OSCE Ministerial Council in December. She has engaged bilaterally with NATO and EU allies, including the US, Canada, Germany, Poland, Slovakia and Turkey. NATO Foreign Ministers spoke on 7 January. I am sorry that it is a long list but there is an awful lot of engagement.
My Lords, I want to pick up the last point. Last week, I made it clear that this Parliament had a clear and unified message on Ukraine and the threat from Russia. I welcome the initiatives from the Government, but can the Minister tell us a bit more about not only the diplomatic initiatives, which are vital to ensuring de-escalation, but the efforts to work in concert with our allies in terms of any sanctions that might be needed? It is important that we are prepared to act immediately with our allies, including the United States, if that is necessary.
I thank the noble Lord for his question. A Russian incursion into Ukraine would be a major strategic mistake. There should be no doubt that Russian military aggression will be met with strength, including massive economic consequences through co-ordinated—I stress that word—economic sanctions by allies and partners, targeting Russian financial transactions, assets and individuals.
Obviously, it would be inappropriate to speculate on future sanctions designations, but I refer the noble Lord back to the sanctions that were imposed in response to Russia’s actions in Crimea. The UK took action against Russia for its illegal annexation of Crimea; that was in co-ordination with our international partners. We worked closely with the EU, the US, Australia and Canada to impose costs on those facilitating Russia’s illegal annexation of Crimea and Sevastopol through sanctions. I imagine that this template will be deployed again in future.