Ukraine Update — House of Lords, 2022-02-22
Topic: International Affairs
Richard Newby (Liberal Democrats, Centre to centre-left): My Lords, this has been a very sombre 24 hours. President Putin yesterday set out his view that Ukraine had no legitimacy as a state, and said he was sending so-called peacekeepers—in reality an invading army—into Donetsk and Luhansk. Today, and even since the Prime Minister made his Statement, he has announced that he is recognising the whole of the Donetsk and Luhansk regions, and not just those parts of them already under de facto Russian control. Against this flagrant aggression and breach of international law, how well does the Government’s response match up We support the broad stance that the Government are taking in opposing the Russian aggression and the measures they have so far taken to provide Ukraine with training, anti-tank weapons and other support. We agree with the Statement that the UK Government—and, indeed, all western Governments—have given Putin every opportunity to pursue his aims by negotiations and diplomacy. However, I am a bit bemused by the assertion in the Statement that "we will continue to seek a diplomatic solution until the last possible second." It seems to me that the last possible second expired last night. Can the Minister explain what more Putin would have to do to make the Government believe that there really was no diplomatic solution on offer any more? Surely, that boat has most definitely sailed Earlier in the month, the Prime Minister made it clear that, as soon as the first Russian toecap entered Ukrainian territory, the West would impose sanctions that would really hurt Russia. I know that the situation is far from clear, but Putin has already committed to sending in troops, and there are reports that the first have already been deployed. Germany, by announcing today the suspension of the Nord Stream pipeline, has already acted in line with the Prime Minister’s injunction What, then, are the Government proposing? They sanctioned four banks, most of which are minnows. They sanctioned a mere three individuals who, as the noble Baroness has already said, have already been the subject of American sanctions for a number of years. We are told: "This is the first tranche of what we are prepared to do: we will hold further sanctions at readiness." Why are we holding further sanctions at readiness? What are we waiting to happen? What more does Putin now need to do? The truth is that the sanctions announced in this Statement are pitifully insignificant. Putin, if he hears of them at all, will simply be smirking at them The noble Baroness has set out a number of things that the Government could do, which I agree with. I would like to set out a number of things that I think the Government should do, and I invite the Leader of the House to explain whether the Government have these measures in contemplation—and if not, why not. They should revoke the golden visas of those Russian nationals who have known links to the Russian regime. They should impose a windfall tax on energy company profits, which is desirable in itself, but would hit Gazprom, which channels its trading revenues through London. They should freeze the assets of Russian companies in London and introduce the register of beneficial ownership Bill, which would shine a light on dirty Russian money in London. The Government could surely get this oven-ready Bill through the Commons in a day: tomorrow springs to mind. I am sure that your Lordships’ House would pass it with alacrity. Certainly, from these Benches, we would facilitate its passage as a matter of urgency We know that, in addition to London, there are very large amounts of Russian dirty money in Switzerland and Monaco. We could call on the Swiss Government and the Monegasque authorities to do the same as we might do in shining a light on this money. Perhaps we could ask President Macron to have a word with his colleagues in Monaco. So far, there is no evidence that the Government plan to do any of this—or, indeed, anything of any substance When Putin invaded Crimea, he got away with it at no discernible cost. When he undertook the Salisbury poisonings, there was no significant response. He has now committed his latest outrage. If we are to have any influence at all in persuading him and the Russian elite that these illegal, aggressive policies are not simply to be met by little more than a shrug of the shoulders, we need to see much more action contained in this Statement, and soon.