Financial Assistance to Ukraine Act 2025
make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.
Government Bill
(HM Treasury)The Financial Assistance to Ukraine Act 2025 was a Government Bill that became an Act of Parliament.
Is this Bill currently before Parliament?No. This Bill was introduced on 6 November 2024 and became an Act of Parliament on 16 January 2025.
Whose idea is this Bill?Government Bills implement the legislative agenda of the Government. This agenda, and the Bills that will implement it, are outlined in the Queen's Speech at the Session's State Opening of Parliament.
How can I find out exactly what this Bill does?The most straightforward information is contained in the initial Explanatory Notes for the Bill.
Would you like to know more?See these Glossary articles for more information: Act of Parliament, Government Bills, Process of a Bill
Official Bill Page Initial Explanatory Notes Initial Briefing papers Ministerial Extracts from Debates All Bill Debates
This bill has received Royal Assent and has become an Act of Parliament
1 Amendment have been proposed for this Bill
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Timeline of Bill Documents and Stages
NC1
James MacCleary (LD) - Liberal Democrat Spokesperson (Defence)Calum Miller (LD) - Liberal Democrat Spokesperson (Foreign Affairs)
Alex Sobel (LAB)
Cameron Thomas (LD)
Tabled: 16 Dec 2024
Committee of the whole House Amendments as at 18 December 2024
This amendment was Not Called
View the speech made in the House
To move the following Clause—
“Reports on loans or other financial assistance to Ukraine
(1) The Secretary of State must—
(a) prepare reports on the operation of assistance provided in accordance with section 1(a),
(b) lay a copy of each report before Parliament.
(2) Each report must provide details of the amount of—
(a) monies provided by the United Kingdom to Ukraine under section 1;
(b) the United Kingdom’s share of the principal loan amount and interest accrued under the scheme; and
(c) receipts of extraordinary profits from the Russian immobilised sovereign assets under the scheme.
(3) Each report must also provide a summary of discussions between His Majesty’s Government and other G7 governments about discussions on any subsequent arrangements that are supplemental to or modify or replace the arrangements referred to in section 1(a), including any discussions concerning—
(a) the range of Russian assets to which the arrangements might apply, and
(b) the use of those assets.
(4) The first report must be laid within the period of 6 months of the passing of this Act.
(5) Each subsequent report must be laid within the period of 6 months beginning with the day on which the previous report was laid.
(6) The duty under subsection (1) ceases to have effect 12 months after the arrangements referred to in section 1(a) or any subsequent arrangements of the kind referred to in section 1(b) cease to operate.”
Explanatory Text
This new clause establishes an annual reporting requirement relating to the UK share of loans to Ukraine and receipts from the extraordinary profits from the freezing of Russian state assets and to any G7 discussions to extend the arrangements.