Question to the HM Treasury:

To ask the Chancellor of the Exchequer, over what time period the new funding to Ukraine under the Ukraine Bilateral Agreement will be repaid using profits from sanctioned Russian sovereign assets.

The Government is providing a £2.26bn loan to Ukraine as part of the G7 Extraordinary Revenue Acceleration initiative. The UK will be repaid using profits that are being generated from immobilised Russian sovereign assets in the EU.

The UK and wider G7 have committed to ensuring that Russian sovereign assets remain immobilised across our jurisdictions until Russia ceases its war of aggression and pays for the damage it has caused to Ukraine.