Oral Answers to Questions Debate
Full Debate: Read Full DebateStephen Gethins
Main Page: Stephen Gethins (Scottish National Party - Arbroath and Broughty Ferry)Department Debates - View all Stephen Gethins's debates with the Foreign, Commonwealth & Development Office
(2 days, 1 hour ago)
Commons ChamberThe issue of Russian sovereign assets is an extremely important one. Both I and the Chancellor have had many discussions with our counterparts, particularly in Europe but also through the G7. We want to be able to mobilise those sovereign assets in order to support Ukraine. The EU has set out proposals for reparation loans, which we think are the sensible way forward, because fundamentally, Russia needs to pay for the damage it is doing to Ukraine.
I welcome the Foreign Secretary’s comments about Russian frozen assets. She will possibly agree with me that the US is an increasingly unreliable partner for Ukraine. Can she tell me what discussions she has had with European counterparts about securing Ukrainians’ long-range missiles with European partners so that they can better defend themselves?
This issue was discussed as part of the coalition of the willing, where NATO was present, as well as many countries from Europe and across the world. Those discussions were about continued military support to Ukraine, as well as this crucial economic pressure. The US package of sanctions that has now been announced, which is similar to the package that we announced on Rosneft and Lukoil, is extremely important, because we need to choke off access to the market for Russian oil and gas.