Thursday 6th January 2022

(2 years, 3 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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My right hon. Friend makes a fair point about the appalling behaviour of Russia, including with respect to Ukraine. Russia is also stirring up problems in the Balkans, as well as helping the Belarusian regime to use migration as an offensive weapon. As I said earlier, we need to make sure that we reduce economic dependence on Russia. We are also strengthening our security ties with like-minded allies, including the Baltic states, so that we are able to repel these types of aggressive activities over the longer term. We are working on that as well as making sure that Russia understands the severe consequences of any action it might take.

Dave Doogan Portrait Dave Doogan (Angus) (SNP)
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I will not ask the Foreign Secretary to go into the detail of our co-ordinated sanctions plans, because quite rightly she would not reveal them, but does she agree that there is very little point in using economic sanctions to apply pain and suffering to the broader economy of states such as Russia, because I think we can agree that a direct link between broader society and the ruling elite does not really exist? That being the case, will she confirm that it would be much more apt to apply sanctions to the Russian elites around the world—in Manhattan, London and Paris—that have a direct link to the Kremlin? Their pain will cause problems for the Russian ruling elite.

Elizabeth Truss Portrait Elizabeth Truss
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I was clear in my statement that the co-ordinated economic sanctions by our allies and partners are looking at Russian financial transactions and at individuals.