14:03 Mark Hendrick (Labour)

Economic sanctions are important, as is energy policy. In the UK and particularly in my county, Lancashire, we are looking at fracking and shale gas as a future option. We also produce all the nuclear rods for the nuclear power stations throughout the country, so Britain can look forward to self-sustainable energy. Other parts of Europe and the European Union are not so fortunate. They will have to wean themselves off Russian gas and oil, because if Russia chooses to defend Russian-speaking people, as it would say, in Latvia, Lithuania, Estonia, Transnistria, Moldova or any other part of Europe, the omens are very bad indeed. I take the point that was made earlier that unless the present situation is handled properly, it could be a re-run of the 1930s. Firm action now by our Government and Governments in Europe and the United States is essential if this is not to descend into the spectacle that we saw in the 1930s.

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