Russia: Sanctions

Lord Purvis of Tweed Excerpts
Thursday 3rd March 2022

(2 years, 8 months ago)

Lords Chamber
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Lord Ahmad of Wimbledon Portrait Lord Ahmad of Wimbledon (Con)
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The Government have been responding, and expediting legislation. In this regard, as I have said before, I am grateful to the usual channels for accommodating these requests. Looking through my own commitments and those of the noble Lord, in the coming days, we will be speaking quite specifically on the legislation being laid.

I agree that the issue of asset flight is an important consideration. This is why we are reluctant to make announcements in advance, particularly those regarding individuals and organisations. As we know, there are individuals who are taking actions based on what has already happened. Equally, we need to ensure that every sanction imposed is legally robust and tested. This is an important part of our sanctions policy and those of international partners. There are those who may respond to our sanctions by sanctioning individuals, because their legal framework is not as strong ours. It is important that any sanction we impose—be it on an individual or an organisation—is fully tested and robust in its application.

Lord Purvis of Tweed Portrait Lord Purvis of Tweed (LD)
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My Lords, the strongest possible sanctions are fully justified. However, we must be mindful that there are other victims of this conflict in developing countries where wheat prices have already gone up, and energy and fuel prices are going up. This will create a secondary humanitarian impact. The Government’s humanitarian support for Ukraine is extremely welcome: £140 million in ODA and $500 million of drawing rights from the multilateral development banks. However, the Government have capped our aid at 0.5%, and have cut their support for the IDA by 55% this year. Will the Minister reassure me and the House that our support for developing countries will not be affected by this additional support, which is very welcome for Ukraine?

Lord Ahmad of Wimbledon Portrait Lord Ahmad of Wimbledon (Con)
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I assure the noble Lord that we are working to ensure that we respond effectively to Ukraine. I know that the noble Lord has been very supportive of the package we announced in support of humanitarian assistance. Equally, we are very conscious of our obligations in other parts of the world. Your Lordships’ House has been through challenging circumstances on Afghanistan. We know about the continuing conflicts in places such as Yemen, and the issue with the Rohingya crisis in Myanmar and Bangladesh. I assure the noble Lord that we are very much focused on ensuring that our response to these issues is equally robust.