Russia
(asked on 18th December 2014) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the effect of EU-wide sanctions on Russia's policy towards Ukraine.
This question was answered on 9th January 2015
Sanctions are an important element of the range of diplomatic measures we are undertaking to effect a change in Russia’s behaviour. EU sanctions are delivering a significant cost to Russia for its actions in Ukraine. The fall in the global oil price has driven an economic slump in Russia, including a shrinking economy and sharply declining currency. The wide-ranging restrictions of EU and US economic sanctions are exacerbating these negative trends. For Russia to remove the pressure of sanctions it will need to change its policy towards Ukraine.
Sanctions are an important element of the range of diplomatic measures we are undertaking to effect a change in Russia’s behaviour. EU sanctions are delivering a significant cost to Russia for its actions in Ukraine. The fall in the global oil price has driven an economic slump in Russia, including a shrinking economy and sharply declining currency. The wide-ranging restrictions of EU and US economic sanctions are exacerbating these negative trends. For Russia to remove the pressure of sanctions it will need to change its policy towards Ukraine.