Lord Howell of Guildford
Main Page: Lord Howell of Guildford (Conservative - Life peer)Department Debates - View all Lord Howell of Guildford's debates with the Foreign, Commonwealth & Development Office
(10 years, 2 months ago)
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Lord Howell of Guildford (Con)
My Lords, although I appreciate the call from the noble Lord, Lord West, for more frigates to meet the situation, does my noble friend recognise that in today’s world the most powerful means of persuasion lie as much in the area of electronic communication, cyber operations and financial and electronic operations as they do in the classical 20th-century ideas of more dreadnoughts and more troops on the ground?
Baroness Warsi
They do, and of course trade and investment are a huge part of that. The losses suffered on MICEX a few days ago have had an impact and it has not completely recovered. There is clear evidence that this is having an impact on the Russian economy and we hope that these are factors that the Foreign Minister will bear in mind when he has discussions tomorrow.