Ukraine: Post-conflict Reconstruction

Lord McConnell of Glenscorrodale Excerpts

Thursday 7th September 2023 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

My Lords, I take on board what my noble friend has said. I assure him that we are working to ensure that the infrastructure within Ukraine is developed in a more resilient fashion. We are providing technical support. We are working on energy infrastructure. My noble friend makes an important point about cultural heritage. We are working with bodies such as UNESCO to ensure that, first and foremost, we protect those heritage sites and that, where they have been destroyed, they are rebuilt.

[Lord McConnell of Glenscorrodale (Lab)]

My Lords, the Prime Minister confirmed in February that more than £2 billion of assets that previously belonged to Roman Abramovich of Chelsea Football Club were ready to be transferred to a humanitarian foundation to be spent on those impacted by the war in Ukraine. That money has not yet been transferred; the foundation has not yet been established; the humanitarian work has not yet begun. Will the Government move a bit more quickly to ensure that this happens as soon as possible?

[Lord Ahmad of Wimbledon (Con)]

I can confirm that that was the point my right honourable friend made. The current situation remains that those assets are frozen and cannot be moved unless a licence is issued by the OFSI department within the Treasury. I can assure the noble Lord that we are working in an expedited way with our colleagues in the Treasury to ensure that those funds can be utilised appropriately.