Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment her Department has made of the potential merits of cancelling Ukraine's national debt.

The Foreign Secretary has reiterated the UK's commitment in standing ready to guarantee up to £381 million in loans to support Ukraine and mitigate the economic effects of Russian aggression. The UK stands ready to offer guarantees of Multilateral Development Bank (MDB) lending for projects that will support economic stability and vital reforms such as tackling Anti-Corruption. This support will help mitigate economic impacts on Ukraine's economy due to Russia's aggression. The UK has pledged £174 million in aid to support Ukraine's economy. This includes $100 million (£74 million), announced on 7 March, for the Ukrainian Government budget and the £100 million three-year package to support Ukraine's energy security and reform.