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Written question asked by Lord Temple-Morris (Labour) on Wednesday, 11 March 2015, in the House of Lords. It was due for an answer on Wednesday, 25 March 2015. It was answered by Baroness Anelay of St Johns (Conservative) on Tuesday, 24 March 2015 on behalf of the Foreign and Commonwealth Office.


Russia

Question

To ask Her Majesty’s Government what assessment they have made of the cost to the United Kingdom of participation in European Union and other sanctions against Russia in connection with events in Ukraine, both in relation to loss of direct trade and also through Russian reciprocal actions.

Answer

EU sanctions imposed on Russia have been designed to maximise the impact on Russia whilst minimising the impact on the UK and EU. We accept that there will be a cost to our economies both from EU sanctions and Russian retaliatory measures, and have been clear that it should be shared equally across the EU, but there is a much greater cost involved in failing to stand up to Russia’s destabilising and illegal aggression.


Secondary information

Type
Written question
Reference
HL5643
Session
2014-15
Subjects
Costs Armed conflict Sanctions Russia Ukraine
Contains statistics
Yes
Link
View this Written question on www.parliament.uk