Part of the debate – in the House of Commons at 5:12 pm on 26 April 2022.
My right hon. Friend is right that it is absolutely crucial that we cut off Russian funding from hydrocarbons. That is currently accounting for a third of the Russian economy, so it is a target of the United Kingdom to get others to follow our lead. We are ending all imports of coal, oil and gas by the end of 2022, and we want to see a timetable for others to do the same. It will only be when we cut off that supply of money from hydrocarbons that Putin will no longer have the funding he needs to supply his war machine.