National Security and Russia — House of Commons, 2018-03-26
Topic: International Affairs
Christopher John Bryant (Labour, Centre-left): Yes, and, indeed, one of the first things I did when I knew about the incident in Salisbury was check with the Spanish ambassador whether Spain is maintaining its posture of refusing to allow Russian boats to refuel in Ceuta, and indeed it is; it has been very strong on this and is absolutely resolute with us, as it has been for the last 10 years Turning to some of the financial aspects, earlier in the debate I asked the Prime Minister about the tier 1 investor visa. This has to all intents and purposes acted as a magnet for some Russians who want to place their money, beyond the grasping hands of others in Russia or in other domains, in the UK, and hardly any questions have been asked. I hope the Government will now do a full review of the tier 1 investor visa Secondly, trusts in this country and in the dependent territories are used as a means of obscuring from public view the real owners of major assets including land and property. That needs to end. I am happy for the trust system to remain, because in many ways it is a strong element of our financial system, but it must be fully transparent because otherwise it is far too easy for Russians to hide their money. I hope the Government will review this matter. They have been asked time and again whether they will consider making the beneficial ownership of trusts a public register, rather than one that is only available to the authorities. That would be valuable, because the public and journalists in this country have done a phenomenal job in recent years of managing to winkle out additional financial information that others might not choose to bother looking at We also need to bring in full financial transparency in the overseas territories. I know that the Minister who is going to be closing the debate agrees with this policy, and I hope this might be an opportunity to twist their arms a little further up their backs, because otherwise it is too easy for someone like Mr Deripaska to buy a property in London, only not really buy it but buy it via a trust based in the British Virgin Islands and have it completely obscured from view. Some of us were taken on the kleptocracy tour last week, including my hon. Friend the Member for Bishop Auckland (Helen Goodman), who is sitting on the Labour Front Bench, and one of the interesting facts is that quite often Russians are now buying houses in the UK deliberately for grossly inflated prices as a means of laundering their money via a third party. I hope the authorities are investigating that Turning to the more defence-related elements that we need to address, we must have properly sceptical investigation by the police and all the authorities—if necessary, the counter-terrorism authorities as well—of the 14 deaths of Russians in the last few years which have been suspicious, and not just those in the last couple of weeks. It seems unlikely that anybody would choose not to investigate, but it still seems possible that that might have happened. We also need full-spectrum readiness—more counter-intelligence, and more cyber-security—and we must also stand very strong with our NATO allies and, as the right hon. Member for Sevenoaks said, we need to devote more than 2% of our national income to defence We can see this through, but we will only do so by being robust and firm and steady—rather than by flip-flopping.