Death of Alexei Navalny Debate
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Margaret Hodge
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Death of Alexei Navalny
Margaret Hodge Excerpts(4 months, 1 week ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Leo Docherty
The benefit is to deliver messages of condemnation and outrage, and to continue to advocate for consular access for those held by the Russian regime.
Dame Margaret Hodge (Barking) (Lab)
I want to turn to the economic impact of the sanctions, which the Minister alluded to. A loophole in our sanctions regime means that countries such as China and India import Russian crude oil, process it and then sell it into the UK as refined oil. In 2023, we imported 5.2 million barrels of this oil. That means that we sent something like £141 million in tax revenue to the Kremlin’s war chest. Britain is also the biggest insurer of Russian oil moved by sea, most of which is sold at prices well above the price cap—again, violating sanctions. Does the Minister agree that tough words are no substitute for tough actions, especially after the shocking murder of the heroic Alexei Navalny? Will he agree to report back to Parliament before Easter with proposals to stop the sanctions-busting?
Leo Docherty
We should have confidence that the economic impact of sanctions has been very significant. Putin has been denied hundreds of billions of dollars because of the collective action of the G7 nations. Is it perfect? No, it is not. Are we looking at ways of making it more effective? Yes, we are. Will we keep the House updated? Of course.