Russia: Sanctions

Mark Pritchard Excerpts

Monday 31st January 2022 Commons Chamber

[Elizabeth Truss]

The legislation we are putting forward is about being able to target entities and individuals that are of strategic or economic interest in the Russian state. We are broadening it out much more widely than before, when we would have been able to apply sanctions only to those who were actively destabilising Ukraine. We can target asset freezing, and we can target the ability to enter the UK of those individuals and entities. The register of interests that the hon. Lady is talking about is part of the economic crime Bill that is being brought forward by the Treasury, and the Prime Minister has committed to that happening this year.

[Mark Pritchard (The Wrekin) (Con)]

I welcome the Foreign Secretary’s statement today, and the announcement of new powers. They are long overdue, but I am glad that it is this Government who are delivering them, and doing so by 10 February. That will also be welcomed by the Rada in Kyiv and by the Government of Ukraine. Is it not the case that Ukraine is not NATO’s border and not the EU’s border, but that it is democracy’s border, which is why Ukraine matters? I thank her for her good offices in working hard to galvanise opinion in Washington and across EU capitals to ensure that we have that strong defence, strong deterrence and strong diplomacy.