Ukraine — House of Commons, 2022-03-15
Topic: International Affairs
James Spencer Cleverly (Conservative, Centre-right): With the leave of the House, I would like to conclude this debate on behalf of my hon. and gallant Friend the Minister for the Armed Forces, who was unfortunately detained in his Department at the opening of this debate. He has apologised to the Chair, and he has asked me to put on record his apologies to the House Earlier I outlined the Government’s main objective in this conflict, which is for President Putin to fail in Ukraine, and I set out the means we are employing to ensure that this is the case. With the addition of 360 people sanctioned today, the United Kingdom has now taken action against over 1,000 Russian individuals and entities. The new powers afforded to the Government under the Economic Crime (Transparency and Enforcement) Act 2022 have been put to use and will continue to be used over the coming weeks and months. Bank assets worth over £350 billion have been frozen. We have cut off key sectors of the Russian economy, including those essential to the Russian war machine, and we have rallied allies to remove Russia from the SWIFT banking system These sanctions are already biting. The Russian stock market has not opened since the start of the conflict, which I understand is the most prolonged closure of the Russian stock market since the Bolshevik revolution. The Kremlin is desperately trying to hold back capital flight, even from its sovereign wealth fund. Putin’s economy is now desperately exposed, and the elites around him feel the pain. They must tell him to stop the war, because the international consensus that now threatens their wealth will not be broken. This conflict stops when Putin decides it stops, and he should realise that it should stop now The international community has also moved to ostracise Russia from international sporting and cultural events. Russian and Belarusian athletes have been blocked from the Paralympics, and they are out of the World cup. Major western corporations are ceasing business in Russia, and the Bolshoi ballet will not be coming on its planned tour of the UK. Russian sports fans are left without international games to watch. The artists, athletes and performers blocked from performing overseas and the hundreds of people queuing in recent days for their last McDonald’s must be dismal signals to all Russians that Putin is damaging their country In his desperate attempts to control the news, Putin has inflicted on his own people the blocking of western social media platforms, and the highly connected and often influential Russian influencers must be devastated. As trivial as their tears may seem in the face of the suffering in Sumy or Kharkiv, their tears reflect the anger of a generation of young Russian people whom Putin does not understand and does not represent. They do not want the digital and cultural isolation from the west that he is now inflicting on them, and they should follow the brave example of Marina Ovsyannikova in challenging the repression of free speech and access to the world of online information. Putin is inflicting on this generation of millennial Russians a complete and total change of their way of life, and I have no doubt that they will want to push back.