Oral Answers to Questions Debate
Full Debate: Read Full DebateNick Thomas-Symonds
Main Page: Nick Thomas-Symonds (Labour - Torfaen)Department Debates - View all Nick Thomas-Symonds's debates with the Department for International Trade
(2 years, 5 months ago)
Commons ChamberOn 13 January this year, our UK-India FTA negotiations were launched in Delhi. That first round concluded on 28 January. Discussions were productive and reflected the UK and India’s shared ambition to secure a comprehensive deal that will boost trade for both our nations. The positive discussions laid the groundwork for the UK and India to make positive and efficient progress, and the second round is due to begin on 7 March. I would not wish to give a precise landing zone, but we are working very closely and with optimism and effort on both sides.
The whole House stands in solidarity with the Ukrainian people, who are defending the right of sovereign nations to live in freedom with courage, determination and fortitude. Labour supports the toughest possible economic sanctions on Putin’s Russian regime, which is carrying out this barbaric and illegal invasion. I welcome the restrictions on banking and financial measures and the export ban on high-end technical equipment and components in electronics, telecommunications and aerospace, but at the same time we can and must do more. Labour Members have called for a total ban on exports of luxury goods to Russia. Will the Secretary of State heed those calls and commit this Government to that export ban on luxury goods so that Putin and his inner circle cannot live a Mayfair lifestyle in Moscow?
It is a great reassurance for the Ukrainians to know that in all parts of the House, here in the mother of Parliaments, we all stand together supporting them in every way that we can, and, across the world, bring together those voices that say, without exception, that the unprovoked aggression that Putin is showing Ukraine is unacceptable. We will continue to work across Government to make sure that we are using our UK powers as well as working with allies from across the world to tighten the screw so that Putin and his regime will find it more and more difficult not only to sustain their military campaigns but also find that they will no longer have access to their funds. The Foreign Secretary will continue to work on a number of areas. The impact of the SWIFT sanctions will be dramatic and catastrophic for Putin.
I do of course appreciate that it is vital to work together with friends and allies, but let me push the Secretary of State on this specific point, because cutting off the supply of luxury products would send a further signal to those in Putin’s Kremlin, who have, by the way, often accumulated wealth and possessions at the expense of the Russian people. We can act on this and we can act now. So will the Secretary of State work with her colleagues across Government, and indeed Governments across Europe who have concerns, whether on clothing, jewellery or diamonds, to get a comprehensive ban in place to stop Putin and his inner circle living in luxury while barbaric, evil acts are perpetrated on the people of Ukraine?
We will continue to work across Government using all the tools I mentioned, but in the meantime I encourage all those who continue to export to Ukraine to use the Export Support Service if they need that support. We will continue to use all the tools at our disposal to make sure that Putin understands fully that the behaviour he is demonstrating is absolutely outrageous. The Foreign Secretary will lead those discussions.