M
Member
Speaking in the House of Lords on 15 October 2024
Debate
Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2024Contribution
I have one other point about something that the Minister touched on: the shadow fleet and the role of Russian tankers bringing in oil and gas and often evading our sanctions regime because they have been able to use third parties to do this. I am told that the best and most effective way of dealing with this would be through liability insurers. If they believed that they could be sanctioned for providing insurance to such vessels, it would be a much stronger mechanism for stopping that flow of energy and, indeed, bringing more resources into the sanctions coffers. Will the Minister promise to look at that issue to see whether that is something we can do something about?
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