Ukraine Update

Lord McDonald of Salford Excerpts

Tuesday 22nd February 2022 Lords Chamber

[Baroness Evans of Bowes Park (Con)]

As I said, the sanctions announced today are only the first tranche, and we will step up sanctions if Russian aggression continues.

[Lord McDonald of Salford (CB)]

My Lords, the Leader has made clear that sanctions will be the cornerstone of the UK’s response. To be effective, sanctions have to be international and co-ordinated. The country that is sanctioning suffers along with the country that is sanctioned. So if Germany is to do everything we need on energy—not just Nord Stream 2 but Nord Stream 1, which provides 55 billion cubic metres of gas per year for Germany—and all of that has to be in place, so must everything that the UK can contribute via the City of London. This needs to be an international effort. It would usually be co-ordinated through the United Nations, but the Security Council is clearly not available as the Russians have a veto, so in what international forum will HMG co-ordinate the necessary sanctions effort?

[Baroness Evans of Bowes Park (Con)]

We have been working with partners through NATO, the UN, the OSCE and the G7—we are anticipating a further G7 call later this week—and obviously we have been having bilateral meetings with countries around the world. Ministers have talked to our allies in Kraków, Kyiv, Brussels, Tallinn, Munich and New York. We are working internationally and are co-ordinating our response with our allies and partners, for exactly the reasons the noble Lord gave.