Joe Powell

Joe Powell

Labour — Kensington and Bayswater

Speaking in the House of Commons on 25 November 2025

Debate

G20 and Ukraine

Contribution

I thank the Prime Minister for all his efforts on ramping up the economic pressure on Putin, including through oil and gas and the shadow fleet. On the $300 billion-plus of Russian sovereign banking assets in the west, we know there are a few holdouts in the European Union that do not want to mobilise a loan backed by those assets as a downpayment on reparations. Could he update us on what progress has been made to get that over the line and get that money moving?

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