The European Scrutiny Committee of the House of Commons in the UK has published a report (its 11th report) on Ukraine and Russia EU restrictive measures, which summarises the measures imposed so far. The Committee:
(1) Has recommended to the British Government that if sanctions measures relating to Russia are to be extended to allow the European Union to target individuals and entities “with close ties to Vladimir Putin”, that that should be debated on the floor of the House of Parliament as soon as possible, and that the debate should also example the wider political context of these measures, and what other steps are agreed or in prospect.
(2) Is critical of the Explanatory Memorandum provided by the Minister, for taking “no cognisance of the wider considerations driving EU policy”, making no mentioning of the widespread discussion of how “the Western alliance as a whole should respond”.
(3) Quotes the following statement of the Minister: “Although the practical impact of these measures cannot yet be assessed, as a whole they send the message that the UK and the EU will not accept the efforts of Russia to destabilise and undermine the sovereignty of the Ukraine. The additional listings seek to target individuals and entities close to Vladimir Putin, in a bid to increase the pressure on those with influence at the top. The embargo will ensure that the EU plays no inadvertent role in facilitating the supply of goods which could contribute to Russia’s efforts to support separatists in the Ukraine. The areas of the embargo targeting shale gas projects and oil exploration & production will ensure that the long-term development of Russia’s oil sector is slowed by the denial of vital technology from the EU and other countries imposing similar measures. The financial measures are designed to raise the cost of borrowing in Russia, for state corporations and others.”