Plaid Cymru call for embargo on trade and investment and severing of financial links from Russia following “horrific and illegal” Ukraine invasion

“Wales stands in solidarity with Ukraine” – Plaid Cymru Leader Adam Price MS

The UK Government must impose a wide-ranging trade and investment embargo and the sever all financial links with Russia following its invasion of Ukraine, Plaid Cymru Leader Adam Price has said.

Mr Price called Russia’s attack on Ukraine “horrific and illegal” and added that the UK Government should block Russian companies from profiting from listing on the London stock exchange – with companies like BP and Shell forced to divest from Russia.

The Plaid Cymru Leader said that the threat of sanctions “clearly” hadn’t worked.

Mr Price added that Wales stood in solidarity with Ukraine and that the nation had a “duty” to welcome and offer support to Ukrainians fleeing the conflict.

Plaid Cymru Leader Adam Price visited Ukraine over the weekend in a personal capacity as part of a delegation that included Welsh Government Counsel General Mick Antoniw.

Plaid Cymru Leader Adam Price MS said,

“Putin’s attacks on Ukraine overnight are horrific and illegal. What became clear by speaking directly to Ukrainian families, organisations and trade unions during my visit to Kyiv was that they are an incredibly resilient people. They will fight to protect their nation’s independence.

“The threat of sanctions clearly hasn’t worked, and the Conservative UK government’s failure to curb the Russian money that swills around London has played a part in emboldening Putin. A wide-ranging trade and investment embargo and the severing of all financial links is vital to disrupt Putin’s war chest and impose an unbearable burden on Russia.

“Russian companies must be blocked from profiting from listing on the London stock exchange and companies like BP and Shell must be forced to divest from Russia.

“Wales stands in solidarity with Ukraine and her people. As a nation of sanctuary, we have a duty to be prepared to welcome and offer support to fleeing Ukrainians at this horrific time.”