Stephen Doughty

Stephen Doughty

Labour (Co-op) — Cardiff South and Penarth

Speaking in the House of Commons on 16 June 2026

Debate

Russian Oil Sales

Contribution

The shadow Minister asks an important question. I made it clear in yesterday’s Delegated Legislation Committee that that is the end date, but we are keeping it under review every two weeks and the licence could end before then, with the appropriate notice in place for industry. I am clear that our sanctions are having a categorical impact on the Russian economy. Russia has slashed its economic growth forecasts, and collectively our sanctions have denied Russia access to $450 billion, which could have fuelled the war for many more years. Our sanctions are having an impact, but we will continue to toughen them.

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