Ukraine

John Bercow Excerpts

Tuesday 4th March 2014 Commons Chamber

[Mr James Gray (North Wiltshire) (Con)]

I hope that a bully like President Putin will listen carefully to the strong and clear messages that the Foreign Secretary has delivered at the weekend and today. None the less, Putin will have noticed that, more importantly, the Russian stock exchange has collapsed by 10% and the rouble is under severe pressure. Does my right hon. Friend therefore agree with me that, by contrast with what my hon. Friend the Member for Louth and Horncastle said, economic sanctions against Russia will work, even if it is at some cost to businesses in the UK?

[Mr Speaker]

For the avoidance of doubt, I think that the hon. Gentleman had in mind the hon. Member for Gainsborough (Sir Edward Leigh). It is important not to have cases of mistaken identity, because the Father of the House was looking gravely perturbed by the hon. Gentleman’s question.

[Mr Hague]

As I mentioned before, our options are open. I stress again that any measures must be well judged and well targeted, and that the European Union and the western world must be united. My hon. Friend the Member for North Wiltshire (Mr Gray) is right to point to what happened on the Moscow stock exchange and to the value of the Russian currency yesterday. There are major risks for Russia economically. I expressed the view a few moments ago that, in the medium to long term, Russia needs the economic co-operation of European nations just as much as or more than they need the co-operation of Russia. That has to become part of Russia’s calculations in the coming years.

--- Later in debate ---

[Mr Andrew Turner (Isle of Wight) (Con)]

rose—

[Mr Speaker]

The prize for patience today goes to the hon. Member for Isle of Wight (Mr Turner), who has stayed in the Chamber for an hour and a half without any indication of frustration or irascibility at hearing his colleagues. We are grateful to him.

[Mr Turner]

That is very kind, Mr Speaker. How long will it take for Ukraine to become a member of the EU, assuming that is what it wants? Should Ukraine not prefer trade with all its neighbours?