Like others who have spoken, I welcome the regulations that we are discussing tonight, but I am underwhelmed by the announcement today of the Government’s sanctions. I have to say that I do not really understand the ratchet option. What we need now is a hard stop and tough action against the Russian Government.
These regulations are long overdue. I agree with the hon. Member for Isle of Wight (Bob Seely) that we are closing the stable door after the horse has bolted. What is happening in Ukraine today was summed up well by the right hon. Member for Maidenhead (Mrs May), who said that we are seeing not just an attack on the sovereignty of the independent state of Ukraine, but an attack on our western values and the right of free people to decide their own future.
This has not happened by accident. We had the Foreign Affairs Committee’s 2018 “Moscow’s Gold” report and the ISC’s long-delayed 2020 report on Russia—I sat on the latter Committee—and those reports laid out all the issues. I am baffled by the Government’s reluctance to act against the Putin regime.
I agree with the hon. Members for Tonbridge and Malling (Tom Tugendhat) and for Stirling (Alyn Smith) that we have no problem with the people of Russia. In fact, I would say the Russian people are the victims of Vladimir Putin and his regime. We have to understand that over the past 10 to 15 years this individual has been in control with a group of kleptocrats around him. If we are to get him to wake up and listen, we have to attack those individuals.
The hon. Member for Oxford West and Abingdon (Layla Moran) named some of those individuals, and they are known to people. It is not a great secret, as my
right hon. Friend the Member for Birmingham, Hodge Hill (Liam Byrne) said. There is an option to identify individuals under proposed new regulation 6(4):
“For the purposes of this regulation, being ‘involved in obtaining a benefit from or supporting the Government of Russia’”.
There is no way that any of these individuals, who are doing business in Russia and have laundered money sitting in this country, could operate without supporting the Government of Russia, so I think there is an option to do it under these regulations. [Interruption.] The Minister is gesticulating that that is the point, and I agree with him, but the big issue is not whether it is in the regulations but whether it will be acted on by the Government. I am sorry, but this Government’s record so far has not been good.
There is an opportunity to do what the hon. Member for Oxford West and Abingdon suggests, and we now need to see action. The Russians will be baffled by the limitations on the sanctions that have been announced, and some of them will be laughing. They will think, “That’s what the UK has announced today. We’ll do a bit more and they’ll do something else tomorrow.” No, we need a hard stop now, and these regulations give us that opportunity, but the Government have to follow through.
Ken McCallum, the director general of MI5, was interviewed for the Daily Mail last week. He is the head of the Security Service, and he was venting his frustration in public that the laws to tackle spying are outdated, that the Official Secrets Act is no good, that the promised espionage Bill is not forthcoming—as someone said, the United States has had such an Act since 1938—and that there are issues with beneficial ownership and the reform of Companies House.
Those things were all laid out in the Foreign Affairs Committee’s report, and reinforced in many ways by the ISC’s 2020 report. We have a Government who seem to be sitting back. The invasion of Ukraine has now focused their attention, but we cannot allow this to continue. As the right hon. Member for Maidenhead said, this is an attack on our way of life and our democracy, which we all take for granted.
We will support these regulations tonight, but we also have to take action. The Government should make legislative time for the economic crime Bill and the other measures, as I am sure they would have united support on both sides of the House to get them on to the statute book. We now need action, not talk.
The Government also have to ensure that their communications are a damn sight clearer than they have been to date, because otherwise we are feeding our enemies who are now threatening the brave people of Ukraine.
6.49 pm