Ukraine: Overseas Loans
The question
To ask the Chancellor of the Exchequer, with reference to the press release entitled Joint statement of the G7 Foreign Ministers’ Meeting in Charlevoix, published on 14 March 2025, whether the Government has plans to increase its loan to Ukraine from the profits of sanctioned assets.
Answered by Darren Jones
The Government has provided £2.26bn as part of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) scheme. This will be repaid using profits from immobilised Russian sovereign assets in the EU.
The G7 has agreed that the ERA can support $50bn in funding to Ukraine – the entirety of which has been pledged.
The UK’s total military, humanitarian and economic support pledged since the start of the conflict now amounts to around £12.8bn.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →