The first priority for this country has to be the safety and security of its people. When I was growing up in the ’70s and ’80s, the backdrop was one of the cold war, with the threat and fear of nuclear weapons. In today’s climate, the threats range from cyber-attacks and chemical weapons to armed warfare and nuclear weapons. Parliament’s Joint Committee on the Government’s national security strategy is currently looking at the national security capability review. It is clear, as we have heard from the Prime Minister, that international co-operation on security matters is key to an effective response to aggressive action by another nation, which is why we need to ensure that we have that support from EU partners after Brexit.
Globalisation and reliance on international trade were supposed to have made the world safer by ensuring that one nation does not attack another due to the impact on trade between the two. Incidentally, that was the whole purpose behind establishing what later became the European Union. The attack in Salisbury was despicable and a reckless act of violence, causing serious harm to Sergei and Yulia Skripal and Detective Sergeant Nick Bailey. My thoughts and wishes are with them and their friends and family.
While some Government Members have unwisely chosen to use high-octane rhetoric to attack Russia following the expulsion of 23 Russian diplomats, we should
note that there are significant UK business interests in Russia. According to the Office for National Statistics’ “UK Balance of Payments, The Pink Book: 2017”, the UK exported £5.339 billion-worth of goods and services to Russia in 2016, including those of top law firms and numerous multinationals, such as BP, Shell, BAT and Unilever. There are also a number of British-based funds with significant investments in Russian assets. Many of the UK’s allies also have close business interests with Russia. For example, trade between Russia and Germany continues apace and, despite EU sanctions regarding Crimea, Germany sold €19.7 billion-worth of goods to Russia last year alone. Germany also relies on Russia for 40% of its gas. US President Donald Trump has had well-documented links to various property investment possibilities since the mid-1990s, and when his former Secretary of State, Rex Tillerson, was chief executive of ExxonMobil, he was awarded Russia’s Order of Friendship by President Putin in 2013. With that in mind, it is clear that any international response to Russia will be limited to strong words and diplomatic measures, such as the expulsion of Russian diplomats. What is missing is a financial response.
As my right hon. Friend the Leader of the Opposition said earlier, we have heard little from the Government about the introduction of a Magnitsky clause amendment to the Sanctions and Anti-Money Laundering Bill to tackle human rights abusers, and I hope that the Government will adopt such an amendment on Report. Closing off access to dirty money is another area about which we have heard little from the Government. When I spoke at the Second Reading of the Sanctions and Anti-Money Laundering Bill last month, I talked about the need for greater transparency and for beneficial ownership registers to be introduced for offshore companies operating in British overseas territories. Why are the Government dragging their feet?
There are several other questions that we need to ask. How much money that has been plundered from the Russian people has been used to buy property in the UK? Do the Government plan to use their powers to freeze the assets of Russian oligarchs until they explain the source of their London property wealth? How have Russian oligarchs been allowed to roam freely and acquire status and respectability in the UK? Are the Government aware of the allegations in the current edition of Private Eye that eight Moscow parliamentarians and officials own substantial property in London? Unless measures are taken to target corrupt finances, the Government will be turning a blind eye to certain areas and restricting any meaningful and effective action against those responsible for the Salisbury attack.
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