Ukraine: Military Aid
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will make an assessment of the potential merits of transferring] frozen Russian assets held in the UK to Ukraine to support the war effort.
Answered by Stephen Doughty
Russia's obligations under international law are clear: it must pay for the damage it has caused to Ukraine. That is why on 22 October the Chancellor announced that we will provide £2.26 billion in additional support to Ukraine, as part of the G7 Extraordinary Revenue Acceleration (ERA) Loans to Ukraine scheme. In line with the Government's commitment to ensure that Russia pays for its illegal invasion of Ukraine, the UK's contribution will be repaid using the extraordinary profits generated on immobilised Russian sovereign assets. We will continue to consider all possible lawful avenues by which Russia can be made to meet its obligations to Ukraine under international law.
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