Freezing of Assets: Russia
The question
To ask the Chancellor of the Exchequer, how much the UK has raised for Ukraine through the use of proceeds from frozen Russian assets; and how this compares with contributions from the EU and G7 countries.
Answered by Lucy Rigby
The Chancellor is committed to exploring a reparations loan to enable the value of sanctioned Russian sovereign assets held in the UK to be directed to supporting Ukraine.
The government continues to work in partnership with international partners including the G7 and European Union to achieve this.
To date, the UK has provided £21.8bn in support for Ukraine. This includes the commitment to the provide £2.26bn as part of the $50bn Extraordinary Revenue Acceleration Scheme for Ukraine, which utilised the extraordinary profits generated from immobilised Russian Sovereign Assets held in the EU.
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