Russia: Sanctions

Tom Tugendhat Excerpts

Monday 31st January 2022 Commons Chamber

[Elizabeth Truss]

First, may I thank the shadow Foreign Secretary for his constructive approach? It is vital that all Members of the House demonstrate their support for freedom and democracy in the face of severe aggression by the Russian regime, not just on the borders of Ukraine, but through Belarus, into the western Balkans, and across the world. I will take forward the united message that I have heard from the whole House to our friends in Ukraine, who very much welcome the support that they have been offered by the United Kingdom—the economic support, the support in terms of defensive weaponry, and the support in the face of Russian aggression.

The package that we are putting forward in legislation will be in place by 10 February, which means that we are able to enact wide-ranging sanctions in broad categories that really target anybody who is providing strategic or economic support to the Russian regime. There will be nowhere to hide, and I am very clear that we will apply those sanctions without fear or favour.

We have already taken steps to tighten up our regime on corruption and illicit finance through the Criminal Finances Act 2017, the global anti-corruption sanctions regimes that we have put in place and our review of all tier 1 visas granted before 5 April. We will also be introducing the economic crime Bill. The Prime Minister committed to that at the summit for democracy with President Biden at the end of last year. Let me assure the House that our priority is the defence of freedom and democracy. That comes before any short-term economic interest not only for our country, but for the whole of Europe. We must wean ourselves and others off dependence on Russian gas. We must target the criminal and corrupt money, and that is what we are determined to do with this extension of our sanctions regime, the most radical that we have put together yet.

[Tom Tugendhat (Tonbridge and Malling) (Con)]

It is a pleasure to hear from my right hon. Friend the Foreign Secretary about the tightening of the sanctions regime. She knows that the Foreign Affairs Committee has called for that for four years. It is extremely welcome that she is looking hard at dirty money, and here I find myself in agreement with the right hon. Member for Tottenham (Mr Lammy). The need to clean up the dirty money in our economy is not just about doing the right thing and standing up alongside the people of Ukraine, but about standing up for the British people, defending ourselves against the corruption that flows through our system, and making sure that our houses, our homes, are not being exploited to pay murderers on behalf of a dictator. This is not a foreign problem; this is a problem for the United Kingdom to deal with at home. The strongest thing that we can do to defend Ukraine is to defend ourselves against filth and corruption in our City.