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The Parliamentary Under-Secretary of State, Foreign, Commonwealth and Development Office (Baroness Chapman of Darlington) (Lab)

Speaking in the House of Lords on 26 February 2025

Debate

Ukraine: Frozen Russian Assets

Contribution

My Lords, alongside our G7 allies, we have been clear on the principle that Russia must pay for the damage it is causing to Ukraine. We are considering all lawful routes to ensure Russia pays. We are also providing Ukraine with an additional £2.26 billion, earmarked for military spending, as part of the G7’s $50 billion extraordinary revenue acceleration loans, which will be repaid using the profits generated on sanctioned Russian sovereign assets in the EU.

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