Sanctions

Debate between Bob Seely and Michael Ellis

Tuesday 1st March 2022 Commons Chamber

[Michael Ellis]

I am going to make a little progress and then I will give way. Sanctions announced by the UK and our allies are already having an impact. Yesterday, the rouble dropped 40% of its value, before closing 25% down; central bank interest rates have more than doubled, from 9% to 20%; international businesses are quickly divesting, as we have been hearing in the media; and the rouble is now trading at about a quarter of what it was when Putin took power. That will have an impact on the institutions that prop Putin up and that prop his cronies up.

[Bob Seely (Isle of Wight) (Con)]

I appreciate all that my right hon. and learned Friend is doing, but we are talking about the cronies and not the institutions as well. The hon. Member for Rhondda (Chris Bryant) is right; I do not see why we cannot just use privilege in this House to name some of the three dozen “dirty oligarchs”. Why can we not use privilege? What law firms and lawyers are holding this up? How much money—how many billions of pounds—will have fled the country by the time we nail these people down?

[Michael Ellis]

We work with our allies around the world on names. This is an effort between allies; we co-operate and discuss the matters, and officials work on that. The idea is to continue to work with our allies to bring forward further sanctions and press for further collective action to reduce western reliance, for example, on Russian energy.

Oral Answers to Questions

Debate between Bob Seely and Michael Ellis

Thursday 21st June 2018 Commons Chamber

[Mr Bob Seely (Isle of Wight) (Con)]

2. What steps he is taking to support the museums sector.

[The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport (Michael Ellis)]

Museums play an important role in our lives and in society. The Mendoza review of museums was published last November, and my Department is implementing its recommendations to improve support of the sector. The sector continues to be supported by more than £800 million of public funds.

[Mr Seely]

Will the Minister do all he can to support my campaign to encourage national cultural institutions to engage with the Island, for education and regeneration purposes? Does he agree that the Island, with its unique relationship with the arts and sciences over the centuries, should be a perfect partner for many of those institutions?

[Michael Ellis]

I very much agree with my hon. Friend about the benefits of the Isle of Wight. I visited it last year, and Osborne House is just one of its many attractions. Arts Council England South West has identified the cultural development of the Isle of Wight as one of its key activities for 2018 to 2020, and we support that.