Stephen Doughty

I will give way, but I want to respond to some more points first, including on the moneys from the sale of Chelsea football club. Let me be clear to the House again: the Government are giving Mr Abramovich the last chance to do the right thing and donate the £2.5 billion from the sale of Chelsea FC to support the people of Ukraine, as was committed to back in 2022. The House will know that in December we issued the licence that permits the transfer of the funding into a new foundation. We have strived to find a way forward with Mr Abramovich. We would have preferred for him to have taken that action, with the co-operation of him and his company Fordstam. We are now urging him to honour that commitment, but if he fails to act quickly, we are fully prepared to go to court to enforce it if necessary. We are working with international partners to ensure that proceeds reach humanitarian causes in Ukraine as soon as possible. A number of Members mentioned refined oil products, wider maritime services and an LNG ban. We have announced our intention to ban imports of oil products refined in third countries from Russian-origin crude oil. I very much recognise the points that were raised. We also intend to introduce a maritime services ban on liquefied natural gas, phased in over 2026 in lockstep with the EU, which will restrict Russia’s ability to export. Members raised the issue of imports and exports to the UK. I have some updated figures, which we can provide, but the most recent data shows that UK imports from and exports to Russia dropped by 99.6% and 87.6% respectively, compared with 2021, so there has been a substantial change. On the wider Russian energy sector, along with the designation we made yesterday, we have designated Russia’s four largest oil majors: Gazprom Neft and PJSC Surgutneftegas on 10 January, and Rosneft and Lukoil on 15 October. That is already having a clear impact. Chinese state oil majors are reportedly suspending purchases, Indian refiners are reportedly pausing new orders, and Russia’s federal oil and gas revenues fell 50% year on year in January 2026. This is having a material impact on Russia’s ability to wage war.