Russia action 'price worth paying'

Blackpool Citizen: Foreign Secretary William Hague said sanctions are having an impact on Russia Foreign Secretary William Hague said sanctions are having an impact on Russia

William Hague has insisted damage to the British economy from imposing trade sanctions on Russia over the Ukraine crisis would be a "price worth paying".

The Foreign Secretary said the EU, US and allies would be bringing forward further travel bans and asset freezes against Moscow over the coming days as punishment for its "bullying" behaviour.

But he warned that "more far reaching measures" were also being prepared that would have a fundamental impact.

The comments came after US president Barack Obama accused counterpart Vladimir Putin of failing to "lift a finger" to persuade pro-Russian militants to comply with the Geneva deal intended to defuse the situation.

"In fact, there's strong evidence that they've been encouraging the activities in eastern and southern Ukraine," Mr Obama said on a visit to Malaysia.

Speaking on Sky News' Murnaghan programme, Mr Hague said discussions were still going on about the repurcussions but "were likely to be an extension of existing sanctions, of the travel bans and asset freezes on individuals".

"The more names we add to that list the more they do bite in the Russian economy," he said.

"But we are also working on more far reaching measures of economic, trade and financial sanctions.

"Of course we have always hoped... that we don't have to go ahead with those things.

"We want world trade to expand and improve. But we will go ahead with them if necessary, if Russia continues to escalate this crisis.

"We will calculate them in a way that has the maximum effect on the Russian economy and the minimum effect on our own economies in the EU."

He went on: "It would be a price worth paying if this situation continues to deteriorate - yes it would.

"The European Commission has done a lot of work on this already so that all European nations would share in the sacrifices that would be involved.

"There would be some price to pay for this country and our allies of such measures.

"But there is a huge price to pay for allowing aggressive bullying behaviour to continue, for a European nation invading another European nation as has already happened in Crimea, breaking all aspects of international law in that regard.

"History teaches us that we have to stand up to such bullying behaviour from one state on to another."

Mr Hague pointed out that there had already been significant "capital flight" from Russia and falls in the country's stock markets.

"Of course what Russia really has to worry about here, even if they pretend not to be concerned about these sanctions, is the long-term effect on the Russian economy of this whole situation," he said.

"No-one should underestimate the impact on Russia and Russia's own interests of continued escalation of this crisis."

Comments (8)

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5:06pm Sun 27 Apr 14

Katie Re-Registered says...

It must be awfully easy to calculate something as *a price worth paying* when as part of the taxpayer subsidised Westminster 'elite' it'll be us, and not you and the rest of the Bullingdon Boys' Club who's paying the aforementioned price, eh Billy boy?;)
It must be awfully easy to calculate something as *a price worth paying* when as part of the taxpayer subsidised Westminster 'elite' it'll be us, and not you and the rest of the Bullingdon Boys' Club who's paying the aforementioned price, eh Billy boy?;) Katie Re-Registered
  • Score: 1

7:05pm Sun 27 Apr 14

varteg1 says...

Traitor!!!
Traitor!!! varteg1
  • Score: 1

7:33pm Sun 27 Apr 14

welshmen says...

A Price worth paying, It wont cost him or any of his war monger friends anything...but it will cost us, or our Soldiers....
A Price worth paying, It wont cost him or any of his war monger friends anything...but it will cost us, or our Soldiers.... welshmen
  • Score: 0

7:40pm Sun 27 Apr 14

mixxer says...

Yet another reason to leave the EU.
Yet another reason to leave the EU. mixxer
  • Score: 1

9:15pm Sun 27 Apr 14

varteg1 says...

mixxer wrote:
Yet another reason to leave the EU.
Why? just because the EU has a somewhat unacceptable policy is not reason to cut off our own noses.

If I thought it possible I'd fill that bloody ditch between England and France, it's been a dividing line we could all do without,. and no matter how the whinging Pom anti EU brigade carp about 'leaving' the club, it will not happen.

We are a part of greater Europe, and as all the rest of the nations involved recognise, a major part at that.
[quote][p][bold]mixxer[/bold] wrote: Yet another reason to leave the EU.[/p][/quote]Why? just because the EU has a somewhat unacceptable policy is not reason to cut off our own noses. If I thought it possible I'd fill that bloody ditch between England and France, it's been a dividing line we could all do without,. and no matter how the whinging Pom anti EU brigade carp about 'leaving' the club, it will not happen. We are a part of greater Europe, and as all the rest of the nations involved recognise, a major part at that. varteg1
  • Score: 0

10:00pm Sun 27 Apr 14

welshmen says...

Of late you have posted good stuff, but this one, you are on your own, if that gap between us and Europe had been filled in you and most of our people would be blue eyed blonde Germans....If you like Europe that much move out of this Country, because Ukip will be our next UK Governiment....
Of late you have posted good stuff, but this one, you are on your own, if that gap between us and Europe had been filled in you and most of our people would be blue eyed blonde Germans....If you like Europe that much move out of this Country, because Ukip will be our next UK Governiment.... welshmen
  • Score: -1

4:12pm Mon 28 Apr 14

settheworldonfire says...

welshmen wrote:
Of late you have posted good stuff, but this one, you are on your own, if that gap between us and Europe had been filled in you and most of our people would be blue eyed blonde Germans....If you like Europe that much move out of this Country, because Ukip will be our next UK Governiment....
We may have been better off....
[quote][p][bold]welshmen[/bold] wrote: Of late you have posted good stuff, but this one, you are on your own, if that gap between us and Europe had been filled in you and most of our people would be blue eyed blonde Germans....If you like Europe that much move out of this Country, because Ukip will be our next UK Governiment....[/p][/quote]We may have been better off.... settheworldonfire
  • Score: 0

9:00am Tue 29 Apr 14

varteg1 says...

welshmen wrote:
Of late you have posted good stuff, but this one, you are on your own, if that gap between us and Europe had been filled in you and most of our people would be blue eyed blonde Germans....If you like Europe that much move out of this Country, because Ukip will be our next UK Governiment....
You fail to recognise the facts, which are, had we not been isolated for much of our history, via that channel gap, there would not have been the rise of Nazism, because most of the war which occurred in Europe would have been fought to a standstill, resulting in a unified Europe., al la the United States of Europe well prior to WW1, Germany would not have become the nation it became, there would have been no punitive reparations demanded of Germany after that war, reparations that gave impetus to the extremism that led to Hitler and his Nazi party.

This is what the EU is all about, once the commercial aspects are disregarded. I know we cannot ignore that capital is the driving force, but the overall benefits to the whole population comes from the fact they will no longer be at one another's throat unless a rogue element such as a militant right wing drag Britain away, leading to cross channel friction.

Far better in the club than standing on the sidelines of the continent sniping and attempting to caused division amongst our erstwhile partners'.

As for UKIP being the next government... well one can dream.... usually to waken to reality in the morning.
[quote][p][bold]welshmen[/bold] wrote: Of late you have posted good stuff, but this one, you are on your own, if that gap between us and Europe had been filled in you and most of our people would be blue eyed blonde Germans....If you like Europe that much move out of this Country, because Ukip will be our next UK Governiment....[/p][/quote]You fail to recognise the facts, which are, had we not been isolated for much of our history, via that channel gap, there would not have been the rise of Nazism, because most of the war which occurred in Europe would have been fought to a standstill, resulting in a unified Europe., al la the United States of Europe well prior to WW1, Germany would not have become the nation it became, there would have been no punitive reparations demanded of Germany after that war, reparations that gave impetus to the extremism that led to Hitler and his Nazi party. This is what the EU is all about, once the commercial aspects are disregarded. I know we cannot ignore that capital is the driving force, but the overall benefits to the whole population comes from the fact they will no longer be at one another's throat unless a rogue element such as a militant right wing drag Britain away, leading to cross channel friction. Far better in the club than standing on the sidelines of the continent sniping and attempting to caused division amongst our erstwhile partners'. As for UKIP being the next government... well one can dream.... usually to waken to reality in the morning. varteg1
  • Score: 0
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