Ukraine Recovery Conference

Baroness Sugg Excerpts

Monday 15th May 2023 Lords Chamber

Asked by

[Baroness Sugg]

To ask His Majesty’s Government what their priorities are for the Ukraine Recovery Conference taking place in London in June to support Ukraine’s economic and social stabilisation and recovery from the effects of war, and how they intend to ensure that it is a success.

[The Minister of State, Foreign, Commonwealth and Development Office (Lord Ahmad of Wimbledon) (Con)]

My Lords, the United Kingdom is proud to co-host the Ukraine Recovery Conference with the Government of Ukraine. Preparations for the conference are in collaboration with our Ukrainian colleagues, and the event will focus on the role of the private sector in supporting recovery and reconstruction. It will provide a platform for the Government of Ukraine to set out their reform efforts, particularly in relation to the business environment, and for international partners to signal their ongoing support and commitment to Ukraine.

[Baroness Sugg (Con)]

I am grateful to my noble friend the Minister for that update, and commend the Government on co-hosting this conference and on all they are doing to support Ukraine. A significant amount of further support can come from the proceeds of the sale of Chelsea Football Club, some £2.3 billion, due to be given to a charitable foundation to help the victims of this conflict in Ukraine and elsewhere. I appreciate that this is a very complex process, but it has been around a year since the sale. Can my noble friend the Minister tell me whether the funds will be released in time for the recovery conference and confirm which Minister is responsible for making progress on getting this money to those who need it?

[Lord Ahmad of Wimbledon (Con)]

On my noble friend’s second question—and I thank her for her strong support of the Government’s position—ultimately His Majesty’s Treasury will lead on this issue. The proceeds from the sale of Chelsea FC are frozen in a UK bank account, as she said. Humanitarian experts outside government are responsible for the highly complex process of establishing a foundation to manage and distribute the proceeds. I take on board her suggestion about the importance of perhaps moving forward on this at the time of the conference. I cannot give a specific assurance at this time, but I will share her concerns and suggestions with my colleagues at the Treasury.