G20

I hugely respect my right hon. and learned Friend’s position, views and experience, but on this particular issue I do not entirely agree. If we look at the decline in the ruble, the difficulties Russian banks have had in raising finance and the fact that Russian growth has been downgraded, all combined with an oil price where the Russian budget does not remotely balance, I think there is economic pressure. As long as we stay united, keep up that pressure and respond to further destabilisation with further pressure, it may take time but I think we can persuade Russia that there is a different and better path to take.