My Lords, may I leave the House with no doubt whatever that sanctions which achieve their purpose are an essential tool in the arsenal?
I have studied, albeit some weeks ago, the individuals on the proscribed sanctions list, and I was initially surprised that Russians listed do not appear in a list under “Russia”. This is confusing, as they appear under Ukraine sovereignty, so Russians listed may be missed by observers. However, I place on record the courteousness and informative manner in which the sanctions unit in the Treasury responds to information requests.
I was intending to speak in a more substantive way on the specifics before us on Russian sanctions, but points have been articulated by the Minister that stand on the record. This leads me to more questions than
answers. The question in my mind is: where do we go from here? What are the sanctions to accomplish, and by when? What accompanying engagement is planned? Many suggest, including within this building, that sanctions without engagement could become self-defeating and lead nowhere. Do the Government believe that co-operation is more likely to come from engagement and if so, what form is that engagement taking—or are the Government of the view that the sanctions regime in isolation is the cure to all ills? I have heard it said by a trusted friend in Moscow that sanctions are mostly hurting the more fair-minded, Western-orientated Russians who support democracy, free trade and the rule of law. That cannot be good.
The Minister will be aware that a United Kingdom unilateral sanctions policy could place us at a trade disadvantage with other countries post Brexit, especially those within the European Union. While government should not necessarily be bound by such, I would expect Her Majesty’s Government to have reflected heavily upon the deliverables behind unilateral policies. It would therefore be reassuring to hear this evening that a commitment to review the policy regularly, supported by multilateral engagement, is intrinsic to this process.
There is one regrettable reality. Today is Victory Day, the solemn remembrance day of the sacrifice that the Russian people, including Ukrainians, made in the Second World War. It is a shame that people forget that we were once on the same side. That said, I was delighted that the Deputy Leader of this House, the noble Earl, Lord Howe, representing the United Kingdom Government and accompanied by the noble Lord, Lord West, were present today at the Soviet War Memorial and contributed to marking the anniversary of the Allied victory over fascism.