Ukraine

Lord Howell of Guildford Excerpts

Thursday 8th January 2015 Lords Chamber

[Lord Howell of Guildford (Con)]

My Lords, just as “General Winter” did for Napoleon in Russia, is there not a good chance that “General Oil Price” will do the same for Vladimir Putin?

[Baroness Anelay of St Johns]

My noble friend is far more expert in matters of energy and oil prices, but we have all noticed the drop in the oil price to below $50 a barrel, which is having a severe effect on the Russian economy. However, certainly as far as Mr Putin is concerned, with regard to Ukraine there is a straightforward answer to achieving the relaxation of sanctions, which is to abide by the Minsk protocol and to remove his troops from a sovereign state.