Sanctions — House of Commons, 2022-03-01
Topic: International Affairs
Samuel Wilson (Democratic Unionist Party, Right): My party fully supports this sanctions regime, on which the Foreign Secretary gave us some insight yesterday. This is a great opportunity, because the whole House is united behind the Government. I think the only party that would perhaps show any dissent if it were here is Sinn Féin, whose spokesman today accused the Government of an act of jingoism in sending arms to the Ukrainian forces and whose Members have consistently voted against any sanctions in the European Parliament. There is a unique opportunity for the Government to listen to the concerns that have been expressed and to the support for the proposals, and to say, "If we are going to do this, let’s make sure we do it properly." We have waited a long time for these sanctions, and we should have done it sooner because we know the malign influence that the oligarchs and this corruption have had on our society. Now is the opportunity to do it. With the unity of the House, let us make sure we plug all the holes and ensure that the legislation is effective This is important. I suspect some people might think this is just an opportunity to bash Putin’s friends here in the United Kingdom as a form of revenge that shows our opposition to his actions in Ukraine and the terrible way in which that country is being destroyed by his forces as we speak. As Members have shown in the House today, this is more about ensuring the gangster regime that is perpetrating the atrocities in Ukraine, that is seeking to stamp out democracy in that part of eastern Europe, is hit where it hurts Of course, as we have heard today, the whole point of the oligarchs and how they use their resources is to corrupt our society, to influence the political decisions we make, to ensure economic dependence on the Russian regime in other parts of Europe and to make sure that our future actions are limited because of their influence. If we do not remove that influence, all we do is prop up the very individual who is perpetuating what is happening in Ukraine at present It is clear that Putin requires the ability to show patronage to those whose support he needs, and the way in which abused wealth and illegally acquired wealth is used not just here but in other parts of the free world ensures that patronage I must say to the Minister that the weaknesses in the sanctions have been outlined, including the delay in implementing the orders. Yesterday, the Foreign Secretary told us the names of four banks that, in due time, when the legislation goes through, would have their assets frozen. I am sure that those banks are not sitting idly by today waiting until legislation goes through this House Although individuals were not named, we were told that certain categories of people would have sanctions imposed on them. I am sure that those individuals are clever enough to know that they are likely to be on the list when it comes out, or to fall into the sanctions net when it is in place, so they are hardly likely to be sitting around at present thinking, "I’m going to wait for it." They will be taking action to ensure that assets that could be seized or frozen are no longer there. While some assets such as houses are fixed, many are not, and yachts worth hundreds of millions of pounds, aircraft and financial assets can be moved to the many countries named in the House that are still sympathetic to the Russian regime and will not hand them over to make them available for seizure or freeze them The Minister explained that the 30-day delay was to protect British companies. Is it possible to distinguish between British companies that want to protect their assets and oligarchs and other groups who want to get their assets out of the way quickly because they know that they will be targeted? Perhaps he can outline that for us. That needs to be dealt with We have also heard in explicit detail about how those involved in hiding and investing the ill-gotten gains from the Putin regime are using facilitators here in the United Kingdom. Whether it is done in the economic crime Bill or elsewhere, it is important that a message goes out to those people that they will be held culpable for what they do and how they use their powers. The one thing clear to me and to anyone following the debate is that the gangster regime that has taken over Russia has its tentacles in many parts of our economy—deep into some parts of our economy—and our civic society, and the legislation must deal with that We also need a level playing field. There is no point in having forces arrayed on one side against those with billions of assets to hide and protect—those who can use those assets to buy the best, and sometimes corrupt, facilitators to help them—while those trying to deal with them have limited resources. Whatever measures come forward—whether spending caps on legal cases or whatever; I am not an expert on that—must deal with that so that when we introduce sanctions, they are effective That is so important in a war to defend democracy in Ukraine and the people in Ukraine who see themselves facing oppression in the future. Since we will not give direct military support—I welcome that we are giving it indirectly—we must ensure that our economic weapons are used most effectively.