Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what debt relief the UK will provide to Ukraine to help ensure economic stability during winter 2022.

On 20 July, the UK, as part of the Group of Creditors to Ukraine, announced a debt service suspension for Ukraine from 1 August 2022 to December 2023. This agreement means that Ukraine will face no repayments to these bilateral creditors over this period, which eases liquidity pressures and allows the government to focus its scarce resources on more urgent budgetary needs, thus helping to mitigate the economic impact of Russia’s illegal war in Ukraine.