Rishi Sunak

Rishi Sunak

Conservative — Richmond and Northallerton

Speaking in the House of Commons on 15 October 2025

Debate

Ukraine

Contribution

I welcome the Foreign Secretary to her new role and commend her on a very strong statement. I welcome the progress being made by the G7 Finance Ministers in DC on seizing Russian state assets. It is an issue I first started working on three years ago, and I know the Chancellor has continued that work. Because of that, there is a body of clear technical analysis that has been done in the Treasury that I think shows clearly at this point, first, that there is a sound legal basis for taking these assets and using them; secondly, that there is now a practical way to use them, especially as the bonds have matured into cash; and thirdly, that by acting in concert with allies, any risk to financial stability can be absolutely minimised. I urge the Foreign Secretary to show continued UK leadership on this issue, as I know she is, especially sharing that work with our European allies, because I know she would agree that this is an urgent issue that requires action.

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