Monday 21st February 2022

(2 years, 2 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lindsay Hoyle Portrait Mr Speaker
- Hansard - - - Excerpts

I call the Chair of the Defence Committee.

Tobias Ellwood Portrait Mr Tobias Ellwood (Bournemouth East) (Con)
- Hansard - -

I welcome this statement. The penny was dropping at the Munich security conference that this is about not just Ukraine, but a wider realignment of global power with the formation of a new Russia-China alliance that is fuelling Putin’s adventurism and, indeed, perhaps taking us towards another cold war. The money laundering issues aside, which absolutely must be addressed, I ask the Secretary of State to consider the sanctions. There is a concern that we are actually helping Putin with his intention of turning Russia away from the west and towards a new alliance with China in the long term.

Ben Wallace Portrait Mr Wallace
- Hansard - - - Excerpts

If Russia wants to be dependent on China, I think it will recognise that that will be the wrong decision. China and Russia are in direct competition over the high north and the route through the Arctic, and Russia will surely not want to depend entirely on China, in the same way that many European states are regretting being entirely dependent on Russian gas. It is important, however, that we impose a range of sanctions that are directed not only at the Russian Government, but at some of Russia’s bankers and those who help the regime carry on as normal.