Chris Bryant

Chris Bryant

Labour — Rhondda and Ogmore

Speaking in the House of Commons on 20 May 2026

Debate

Processed Russian Oil Products: Sanctions

Contribution

I completely agree with my hon. Friend’s comments. Notwithstanding his point that every time the price of oil around the world goes up, that is a benefit to Putin—that is one of the problems and ironies of the situation in the middle east at the moment—I would also point out that Russia’s economy is stagnating because of the sanctions we have imposed. Growth has slowed to a crawl; this month, Russia slashed its economic growth forecast again, and international sanctions have deprived Russia of at least $450 billion since February 2022, which is the equivalent of four years of funding for Putin’s illegal war. We need to keep that up. It is tough, but we need to do so to ensure that he does not have victory.

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