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Lord Skidelsky (CB)

Speaking in the House of Lords on 28 November 2024

Debate

International Banking: Payments

Contribution

My Lords, the noble Lord, Lord Collins, stated in this House on 15 October: “Sanctions … are a crucial tool to weaken Russia’s ability to attack Ukraine”.—[Official Report, 15/10/24; col. GC 21.] After nearly three years of sanctions, do the Government still consider them to be an effective tool, especially in the light of the evasions which have been mentioned earlier in the debate? I call upon the Government yet again to give an undertaking to publish their assessment of the effectiveness of the sanctions regime, so we can have an evidence-based debate on the subject rather than being fobbed off with mere assertion.

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