Ukraine

John McDonnell Excerpts

Thursday 18th December 2025 Commons Chamber

[Luke Pollard]

I welcome the hon. Lady to her place on the Liberal Democrat Front Bench. I agree with her that it is important that, as we hopefully move towards a peace deal that is brokered by our American allies, the Ukrainian voice is heard loud and strong, and that a deal signals not a pause in hostilities but the end of hostilities. In order for that to happen, the Ukrainians must have their voice heard in the negotiations and be able to maintain a viable defence of their own nation in the future. The UK stands ready to support them through the coalition of the willing, the Multinational Force Ukraine and further actions.

I hope the hon. Lady will recognise that the actions we have taken on the Russian oil price cap have made a difference. My colleagues in the Foreign, Commonwealth and Development Office and in the Treasury continue to look at more methods that we can use. Indeed, a key part of our sanctions activity involves doing so alongside our allies, and we continue to build international support for those actions. That includes making sure that we can maintain our NATO commitments and our NATO unity when it comes to not only Euro-Atlantic security, but the support we offer Ukraine.

[John McDonnell (Hayes and Harlington) (Lab)]

May I return to the issue of the Russian assets? I talked to members of the Ukrainian community last night, and their anxiety is that if a deal is not done quickly—[Interruption.] Sorry, did the right hon. Member for Rayleigh and Wickford (Mr Francois) want to intervene?

[Mr Francois]

indicated dissent.

[John McDonnell]

I talked to members of the Ukrainian community last night, and they were extremely worried about the situation. They are concerned that unless a deal is done quickly, there will be further threats not just to Ukraine but to Poland, because the Russians are amassing on the Belarusian borders. The fear is that if Trump somehow tries to impose a peace deal that eventually becomes temporary, the frozen Russian assets will be used for the next invasion of Ukraine. That is why it is so important to seal the deal now.

With regard to Abramovich, I welcome the measures taken by the Government, but there was a long period in which the City of London was used as the Russian laundromat for tax avoidance. It would be worth while the Government looking again at the Russian tax avoidance that located itself within the UK, to see whether some of those assets could be used to rebuild Ukraine.

[Luke Pollard]

I thank my right hon. Friend for his comments. I agree that it is important that we make progress on the seized Russian assets. Those negotiations and discussions are continuing today, and I hope that we will be able to report positive news in due course. He is right about the threat not just to Ukraine, but to our NATO allies along the eastern flank. It is for that reason that the UK has deployed forces and Typhoon jets in support of our allies. We are supporting our Estonian allies through Op Cabrit and the presence of the British Army’s forward land forces, and we will continue to do so.

I recognise what my right hon. Friend said about the importance of making sure that we can be proud of the measures that we are taking as a country to stand up against money laundering and illicit finances. We have made good progress, but my colleagues in the Treasury will continue to look at new avenues to clamp down on illicit finance. We hope that peace comes soon to Ukraine, but the threat from Russia will not end when peace comes.