Remittances: Ukraine
The question
To ask the Chancellor of the Exchequer, whether her Department has plans to make changes to its policy on sending remittances to Ukraine.
Answered by Emma Reynolds
There are no plans to change the policy on remittances to Ukraine. How remittances are sent to Ukraine is determined by individual UK banks.
We appreciate the hardships citizens face as a result of the ongoing conflict and note that increasing financial regulation from the National Bank of Ukraine has made it difficult to provide remittances to the people of Ukraine, including via UK banks.
The UK reaffirms its unwavering support to Ukraine for as long as it takes. We are facing a once in a generation moment for the collective security of Europe. Securing a lasting peace in Ukraine that safeguards its sovereignty for the long-term is essential if we are to deter Russia from further aggression in the future. Ukraine is paying the ultimate price in Russia’s illegal invasion – with the lives of its citizens – to defend the values and freedoms we hold dear.
The UK has committed £12.8bn in military, humanitarian and economic support to Ukraine since February 2022. The UK will continue to honour the PM’s commitment on 10 July 2024 which provides Ukraine with £3bn of military support per annum until 2030/31 or for as long as needed.
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