Ukraine, Syria and Iran Debate
Full Debate: Read Full DebateStephen Doughty
Main Page: Stephen Doughty (Labour (Co-op) - Cardiff South and Penarth)Department Debates - View all Stephen Doughty's debates with the Foreign, Commonwealth & Development Office
(10 years, 9 months ago)
Commons ChamberI agree very much with my hon. Friend about working with Russia, and that in the 21st century we live in a world of global networks in which the power of ideas has become more important than spheres of influence. Democracy, accountability and human rights are ideas that cannot be suppressed, and should not be suppressed. We look at international diplomacy in that way. I agree that the age of spheres of influence is now over.
What discussions has the Foreign Secretary had with the Chancellor and others about the role that international financial regulatory bodies, banks and, indeed, other treasuries can play to give practical support to investigations into corruption? Where wrongdoing is proven, what steps can be taken not only to freeze but return assets to the Ukrainian people?
Where we have evidence of corruption, we can act: those who are called politically exposed persons and who live in the UK are subject to that scrutiny. The Treasury is very much in favour of that. The Foreign Office and Treasury will work closely in ensuring that the international financial support I have been speaking about is based on clear conditions and on transparency and that it is used effectively, not in a way that feeds corruption.