M

Member

Speaking in the House of Lords on 12 May 2025

Debate

Russia (Sanctions) (EU Exit) (Amendment) Regulations 2025

Contribution

However, we are in the complex situation of having just made an agreement with India, which has had a rouble-rupee swap. We will potentially be offering market access to the very commercial enterprises that have been facilitating a lot of trade, especially in fuel and other critical goods. The reassurance we will be needing in Parliament is that the India agreement will not allow there to be further exploitation of circumventing sanctions to benefit the Russian economy. The same will apply for some of the discussions with the GCC. What the Government are doing with third countries is very important.

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