L

Lord Petitgas (Con)

Speaking in the House of Lords on 26 February 2025

Debate

Ukraine: Frozen Russian Assets

Contribution

It is fine to talk about frozen assets and say that Russia should pay, but I want to switch gears a little bit. It looks like the Americans are focused on getting Ukraine partly to pay through this rare earth deal. I read that Zelensky was going to fly over on Friday to sign the deal. Do the Government think we should be involved in some way in a deal like this? President Macron pointed out to Trump that the European Union had put up more money than the US, and today the FT has an article with a very simple graph showing that the EU is a bigger contributor than the US—and actually, the UK looks pretty big too. When it comes to the question of sending troops, not having anything on the rare earth deal and then chasing the Russians, it feels like something is missing. What is the Government’s position on that?

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