Oral Answers to Questions Debate
Full Debate: Read Full DebatePhilip Dunne
Main Page: Philip Dunne (Conservative - Ludlow)Department Debates - View all Philip Dunne's debates with the Foreign, Commonwealth & Development Office
(1 year, 11 months ago)
Commons ChamberAll British aid must be spent in accordance with the OECD Development Assistance Committee rules governing its spending. The hon. Member is talking about the expenditure on the first year of a refugee’s time in the United Kingdom, and that is absolutely legitimate expenditure under the official development assistance rules.
Last week, G7 nations imposed a cap on the price of Russian oil exports in an attempt to limit the revenue fuelling Putin’s war in Ukraine. As G7 nations have already largely ceased purchasing oil from Russia, can my right hon. Friend explain to the House how this measure will be effective?
We are working alongside the G7 to end that reliance on Russian energy and with the international community to open up alternative sources of energy, ensuring market stability. We introduced an oil price cap designed to enable countries to access the oil they need at affordable prices while undermining Russia’s ability to profit from inflated prices.