Lord Davies of Stamford
Main Page: Lord Davies of Stamford (Labour - Life peer)Department Debates - View all Lord Davies of Stamford's debates with the Foreign, Commonwealth & Development Office
(10 years, 7 months ago)
Lords ChamberThe noble Lord is right that Russia’s actions contravene its obligations under the UN charter, the OSCE Helsinki Final Act and the 1997 partition treaty on the status and conditions of the Black Sea fleet and are in breach of its commitments under the Budapest memorandum signed in 1994. Russia is not following a plethora of its obligations.
First, in relation to the point on recess, my understanding is that apparently the number of recess days does not exceed what has happened in previous years. As a Minister who is part of this coalition Government, I cannot remember the last time I had recess.
On the economic consequences, it is already clear, for example from the recent downgrade of growth for Russia’s economy from 2.3% to 0.2% this year, the $63 billion capital flight and the downgrading of Russian bonds, that this is having a real impact on Russia’s economy. The format for making sure that these sanctions are having an impact has been, among other things, the EU Foreign Affairs Committee. It is because there is constant planning happening that when there is an escalation in the situation there is an escalation in sanctions, and those sanctions are biting.
The Minister said a few moments ago that she was very careful about language. I put it to her that her right honourable friend the Foreign Secretary was most unfortunate in his language in one section of the Statement, when he said:
“We demanded that Russia move its troops away from the Ukrainian border”.
I do not need to remind the House and the Minister that Russia’s troops are, unfortunately, already within the Ukrainian border, in Crimea. It is most unfortunate, undesirable and dangerous to use language that implies that, even if we have not accepted that situation formally or legally, we have somehow psychologically acquiesced in the annexation by Russia of Ukraine.
Does the Minister agree with me that President Putin will naturally take whatever he thinks he can get away with? The sanctions that we imposed on him after the illegal annexation of Crimea were so footling—at the time I think that I described them as “derisory”—that it is hardly surprising that he has come back for a bigger bite. Does the Minister accept that, if we are going to need new sanctions, they had better this time be a great deal more powerful, because she has a very considerable credibility gap to cover?
I have outlined the impact that the sanctions are already having. We are designing these sanctions in such a way as to have a maximum impact on Russia with the minimum impact on others—but, of course, there will be an impact on others, including on ourselves. HMG do not accept—the Foreign Secretary has said this on numerous occasions—the illegal annexation of Crimea. I do not think that anything in the Statement suggests that we do.