Russia: Freezing of Assets
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions he has had with Cabinet colleagues on repurposing frozen Russian assets to support Ukraine.
Answered by Stephen Doughty
This Government is clear that Russia is responsible for its illegal war in Ukraine. That includes its obligations under international law to pay for the damage it has caused in Ukraine. Together with our G7 partners, we have agreed to make available approximately $50 billion to Ukraine by the end of the year, by advancing the extraordinary profits generated by immobilised Russian Sovereign Assets. The FCDO is working closely with HM Treasury to deliver this commitment as soon as possible. We will continue to explore further options to support Ukraine with our allies.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →