Stephen Doughty

I beg to move, That the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2025 (SI, 2025, No. 504), dated 22 April 2025, a copy of which was laid before this House on 23 April, be approved. This instrument amends the Russia (Sanctions) (EU Exit) Regulations 2019. It was laid before Parliament on 23 April under powers in the Sanctions and Anti-Money Laundering Act 2018, and the measures in the regulations, which subject to the affirmative procedure, entered into force on 24 April. Sanctions are a powerful tool in our armoury. They play an important part in promoting peace and security abroad, upholding international norms and rules, and protecting our citizens at home. Since coming into power, this Government have ramped up action with our partners, and that includes leading the way on targeting Russia’s revenues, bearing down on its military industrial complex, and deterring and disrupting Iran’s support for Russia. Just last Friday, the Prime Minister announced a major package of sanctions to target the decrepit and dangerous shadow fleet carrying Russian oil. It is the largest package of sanctions against the shadow fleet, with 110 targets. According to some estimates, sanctions have crippled 200 ships, almost half of Putin’s dedicated fleet. The Government’s support for Ukraine remains steadfast. Our total support for Ukraine now stands at £18 billion, including £3 billion a year of military aid and our £2.26 billion contribution to the G7 extraordinary revenue acceleration loans scheme.