L

Lord Callanan (Con)

Speaking in the House of Lords on 26 February 2025

Debate

Ukraine: Frozen Russian Assets

Contribution

My Lords, there is a great degree of unanimity across the House that, as we mark the sombre third anniversary of this illegal and barbaric war, we stand wholly and entirely with the brave people of Ukraine, and we support the Government in their actions on this. I understand the Minister’s point about the difficult legal complexities of seizing Russian assets outright; I would like to see that done but I understand that it is difficult. Have the Government considered using these assets as collateral for long-term loans to help to support Ukraine’s reconstruction, while avoiding the unintended financial consequences that I know the Government are concerned about?

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