Freezing of Assets: Russia
The question
To ask the Chancellor of the Exchequer, what recent discussions she has had with Cabinet colleagues on the potential use of frozen Russian sovereign assets and funds from the sale of Chelsea Football Club to support Ukraine.
Answered by Rachel Blake
While I am unable to comment on private Cabinet or committee discussions, I can assure you that the Government is doing everything within its powers to ensure that the full proceeds from the sale of Chelsea Football Club are used for humanitarian purposes in Ukraine. As the Prime Minister, the Foreign Secretary, and the Chancellor have each made clear, we are committed to these funds reaching the people of Ukraine, who continue to face profound humanitarian need as a result of Russia’s ongoing aggression.
Separately, the government continues to consider ways in which Russia’s immobilised sovereign assets can be used to support Ukraine. The G7 has continued to commit to these assets remaining immobilised until Russia ends its war of aggression and pays reparations.
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