Sanctions

Debate between Stephen Doughty and Sammy Wilson

Tuesday 1st March 2022 Commons Chamber

[Stephen Doughty (Cardiff South and Penarth) (Lab/Co-op)]

I thank Ministers and Foreign, Commonwealth and Development Office officials for the pre-briefings they provided on these measures. I understand that in response to our request for briefings for Members across the House—because the Minister will have seen the great deal of interest that there is in the detail—the FCDO will now be providing those on a daily basis. I hope that the Minister can confirm that.

Russia’s unjustifiable and unprovoked attack on Ukraine is a heinous crime of aggression, and we stand united in this House in our utter condemnation of President Putin’s invasion and in complete solidarity with the people of Ukraine, who are showing extraordinary courage, resilience and sacrifice in resisting this onslaught. The desire for tough action on these matters is robust and united across this House and across this kingdom. In that regard, I do not want to detain the House for too long, but we do have a number of questions to ask the Minister. We are pledged to work with the Government to work at speed to ensure that the House can pass the necessary legislative measures. I think we first got these just before midnight last night and we are obviously debating them now. We will work with the Government on that, but we do have questions to ask and it is important to go through the proper procedures.

We urge the Government to go even faster and further, not least as we see the scenes today with Russian forces encountering courageous Ukrainian defences but the fighting getting bloodier and increasingly indiscriminate. The horrific reports from Kharkiv overnight, the alleged use of cluster munitions and the deaths and injury of civilians are deeply, deeply shocking. I am sure that colleagues will join me in welcoming the decision by the International Criminal Court prosecutor to open urgent investigations into some of the matters we have seen that have shocked the world. Russia must comply with the laws of armed conflict—the very basic principles that attempt to ensure at least some dignity, proportionality and discrimination to protect civilians and others amid the horrors of war. Those responsible must be held to account.

As we debate these regulations in the Chamber today, let us not forget why we are doing so: the dark spectre of a miles-long column of Russian armour that approaches Kyiv, a city of more than 2.5 million people. In recent hours we have heard shocking warnings from the Russians to civilians to avoid certain areas of Kyiv. The risks are huge. We heard in the statement earlier of the hundreds of thousands of refugees who have already fled the country. We must continue to do everything we can to support the humanitarian effort to offer sanctuary in the UK and to assist the situation at Ukraine’s borders, including ensuring the full application of all refugee laws and ensuring that there is no discrimination when it comes to human beings seeking to flee to safety. As the humanitarian situation worsens, that is a stark reminder of the urgency of the need to do everything we can to step up the pressure on Putin to end this bloody campaign.

As the Minister pointed out, we have seen the effects that financial sanctions have already begun to have, with the rouble crashing by over 40%, the main borrowing rates up to 20%, and inflation skyrocketing. The Opposition recognise, as I am sure Members across the House do, the brave and difficult decisions that many of our allies and partners have taken to make these measures as effective as possible, including cutting Russia out from SWIFT, as we have long called for. I am acutely conscious that the sanctions will inevitably have difficult consequences for ordinary Russians, who did not choose this illegal war pursued by Putin.

In the past few days, we have seen brave acts of protest and criticism. It takes true courage to protest in Russia, as I am sure the Minister agrees. We pay tribute to all the Russians speaking up against the invasion. We must be clear that it is the Russian Government, not the Russian people, whose actions we condemn; it is Putin who is responsible for the economic consequences of these measures.

We will also see economic impacts here in the UK, as the explanatory memorandums to the regulations make clear, but that is no reason not to act robustly, broadly and swiftly. The unity of the UK and our allies is crucial in that endeavour. We welcome the efforts to co-ordinate with our EU, US and European allies and partners, both NATO and non-NATO, and with many countries around the world. We must build the widest possible coalition to oppose this war, but as many hon. Members have pointed out we cannot be the weak link in designation, implementation and enforcement.

The Opposition welcome the fact that the Government are bringing forward these measures. We will approach them in a constructive spirit, but I want to ask some detailed questions. First, as the Minister pointed out, certain measures relate to financial matters and others relate to dual-use materials, military supplies and other critical industry goods such as those for use in aerospace and communications. I hope that the Minister will provide more clarity on the question of immediacy. My hon. Friend the Member for Rhondda (Chris Bryant) made an incredibly important point about the 30 days; we need to be absolutely clear that there will not be an opportunity for people to move assets or finances out or seek to circumvent the measures in some way.

[Sammy Wilson (East Antrim) (DUP)]

The Government have to go through a legislative process and so on, but does the shadow Minister share my concerns, first, about warning certain individuals that they are on the target list, and secondly about the delay? I am not too sure how we are to make a distinction between British businesses that need to get their money out and those we are actually targeting. While we are getting a headline today, we are also giving a heads-up to the very people we are targeting.

[Stephen Doughty]

I am sure that the Minister will say that we are not naming individuals to give them advance warning, but the right hon. Member for East Antrim (Sammy Wilson) is absolutely right to bring up the fear of asset flight, as several hon. Members have done. We have already heard rumours today that a number of people are trying to dispose of assets and move money. I hope that the Government will name and shame the law firms and accountants who are facilitating that; they are the same enablers who have facilitated the illicit finance network and propped up the Putin regime for far too long in this country. Quite frankly, those law and accountancy firms and others involved should be ashamed of themselves.