(6 months, 1 week ago)
Commons ChamberThat is one of the things we are looking at.
I was grateful to the hon. Member for St Helens South and Whiston (Ms Rimmer), who spoke about this being Europe’s war, not just America’s, which was an interesting contextual point. She spoke about the brutality in Bucha and the strategic importance of a Ukrainian victory, which was welcome. My right hon. Friend the Member for Gainsborough (Sir Edward Leigh) made a provocative but sincere speech and asked the question, “Do we have the resolve to win?” The House answered that question with a resounding yes—we do have that resolve.
The hon. Member for Leeds North West (Alex Sobel) made a welcome historical point, putting in context the journey to statehood for Ukraine, mentioning the Viking establishment of Kyivan Rus’, the Scythians and Crimea. He also mentioned the ancient grain-based relationship with Europe, which was an interesting insight, and which disputes much of the propaganda coming out of the Kremlin. He pointed out the human cost of the war in Ukraine.
The hon. Member for Tiverton and Honiton (Richard Foord) spoke about the chauvinism of the Russian state, which was a good way to put it. He outlined his party’s support for our policy, for which I was grateful. He drew an interesting and relevant parallel to the Russian experience of invading Afghanistan.
The right hon. Member for North Durham (Mr Jones) paid tribute to the tenacity of the Ukrainian people. He pointed out that the first invasion was in 2014. For understanding the geopolitical journey of Ukraine, 1992 in Lisbon and 1994 in Budapest are important dates that we must all recognise when we consider our posture. The views of his fellow members of the NATO parliamentary delegation from eastern Europe and the Baltic states were welcome because they are highly relevant. I agree with him that increased defence spending is not an indication of warmongering; no—it is the surest safeguard of peace.
My hon. Friend the Member for Strangford (Jim Shannon) talked about the importance of the struggle of the whole nation, which was a good way of putting it. He spoke about the brutality of Russian forces, the threat to the Baltic states and the horrendous impact on the education of young people in Ukraine, which will surely last a generation.
I was grateful to the shadow Defence Secretary, the right hon. Member for Wentworth and Dearne (John Healey), who reflected on his visit to Ukraine last week, and the horrific experience particularly of young people there; he gave two examples of young people being kidnapped, sent to camps and told that Ukraine does not exist. Well, the whole House knows that Ukraine does exist, and it has proved that to the tyrannical invader in magnificent fashion over the past two years.
I was grateful, as ever, to the right hon. Gentleman for reiterating his support for the Government’s policy, and for the unity and resolve reflected across the whole House—across the political divide. He mentioned the 800 miles of frontline, which indicates the scale of the challenge for the redoubtable Ukrainian military. In answering his three questions, I can give him the assurance that our energetic and dynamic support in supplying lethal aid and military training will continue. Our effort is reflected in the increase of resource therein, from £2.5 billion to £3 billion this year. Our energy in that quarter will be matched by our diplomacy across the landscape of important diplomatic events this year, which I have already mentioned, and we will sincerely carry out a ramping up of industrial production. I give him the commitment that we will keep him and his Opposition colleagues updated as that is expedited.
Putin’s war has demonstrated one thing above all others: he will never be able to subdue the will of Ukrainians to be Ukrainian, which is why he should end his unwinnable war, and the hideous suffering he is inflicting on Ukrainians and Russians, by withdrawing his forces. Putin should also know that this is not the outcome Ukraine and its allies are planning for. In January, the Prime Minister and President Zelensky signed an historic 100-year partnership, and more and more of our allies are following suit.
Since Putin’s invasion of Crimea, we have helped to train over 65,000 Ukrainian military personnel. Since the start of the full-scale invasion, we have sent almost 400 different military capabilities; in terms of resource value, that amounts to £3 billion this year. We are making long-term investments in Ukraine’s security, in the air, on land and at sea, including by hosting a forum with Ukrainian defence companies this week.
Taken together, our current support will help to keep Ukraine in the fight; our continued support and diplomacy will ensure it prevails; and our long-term support and co-operation will help the Ukrainian people to rebuild their country, strengthen its defences and deter future aggression. Putin thinks he can outlast us, but he should be in no doubt. The United Kingdom will stand with the Ukrainian people for as long as it takes.
Question put and agreed to.
Resolved,
That this House has considered the situation in Ukraine.
The occupant of the Chair, as hon. Members know, is always completely impartial. However, the sentiments of the House are quite clearly unanimous on this issue—slava Ukraini.
(1 year, 5 months ago)
Commons ChamberOrder. I am nothing if not even-handed. I said to the hon. Member for Leeds North West (Alex Sobel) that it is not appropriate to come into the Chamber at the end of a debate and then intervene, and that applies to the right hon. Lady as well.
I am grateful to the hon. Member for Cardiff South and Penarth for laying out the various options. He asked what consideration we have given, give and will continue to give to them. First and foremost, we are working at pace. Our officials were in Brussels earlier this week, liaising with EU officials and looking at various models, so the work is continuing at pace. Clearly, if that were easy we would have done it already, but that does not mean that significant institutional effort and energy is not being put into the matter.
(1 year, 5 months ago)
Commons ChamberWith permission, Mr Deputy Speaker, I would like to update the House on the Ukraine recovery conference, which the UK is proud to be co-hosting with Ukraine in London.
Yesterday, the Prime Minister opened the conference, together with President Zelensky live from Kyiv, and the conference will conclude this afternoon. As my right hon. Friend the Prime Minister said, the conference is planting the seeds of Ukraine’s future. From the speeches from Ukraine’s international partners to conversations with business leaders and civil society representatives, the message that echoes from the conference is one of hope and belief in the tremendous potential of Ukraine’s economy.
Before this terrible war, Ukraine’s economy was becoming a huge investment opportunity. Ukraine was the breadbasket of Europe, a top five exporter of iron ore and steel, a leader in energy and a start-up nation with a thriving tech sector. That opportunity is still there today. The international community has come together to support Ukraine’s recovery and economic future—one that is modern, open, green and resilient. By helping Ukraine’s recovery and economic transformation, we will unlock the potential of the country and its people, help defeat Russia’s aggression, and benefit global security, prosperity and the rule of law.
Putin’s unjustified and unprovoked invasion of Ukraine has caused untold misery. Thousands of Ukrainians have been killed, and millions have been displaced, including children. Schools, hospitals and critical infrastructure have suffered damage in Russia’s indiscriminate airstrikes. Ukraine must and will succeed as a free, independent, sovereign and democratic state within its internationally recognised borders. That is essential for the people of Ukraine and the Euro-Atlantic region, and for global peace and prosperity. We remain committed to a just and lasting peace based on respect for the UN charter and Ukraine’s sovereignty and territorial integrity.
The conference has delivered funding to meet Ukraine’s immediate recovery needs, help it to stay in the fight and lay the foundations for future growth. Ukraine’s partners announced continued support for Ukraine’s budgetary needs for the years ahead, including a new €50 billion EU facility dedicated to supporting Ukraine’s recovery, reconstruction and modernisation. The UK is playing its part. The Prime Minister announced yesterday that, over the next three years, we will provide loan guarantees worth $3 billion.
Nearly 500 businesses globally from 42 countries, worth more than $5.2 trillion, pledged to back Ukraine’s recovery and reconstruction in the wake of Russia’s illegal invasion. Big businesses that can work with Ukraine to deliver a more modern, open economy have pledged their support. Virgin, Sanofi, Philips, Hyundai Engineering and Citi are among the companies involved.
Development finance institutions announced mechanisms to provide the seed capital to support private sector-led growth. The European Bank for Reconstruction and Development announced its intention to raise between €3 billion and €5 billion of new capital from shareholders. This could provide at least four times the amount in new investment in Ukraine for years to come, including in critical infrastructure. G7 and European development finance institutions launched a new Ukraine investment platform that will promote co-financing to maximise the impact of their support.
The Government of Ukraine and their partners responded to businesses’ demand to extend commercial insurance coverage in Ukraine. The conference launched the London conference war risk insurance framework, which will be backed by G7 members. The framework outlines support for immediate de-risking measures to increase investor confidence, and it will guide efforts in working with the commercial insurance markets to unlock private investment to meet Ukraine’s long-term reconstruction needs. The UK is already delivering on the framework by releasing up to £20 million of funding for the Multilateral Investment Guarantee Agency to provide guarantees and insurance for reconstruction projects now, while the conflict is ongoing.
As the Prime Minister made clear in his speech yesterday, Russia must pay for the destruction that it has inflicted, so we are working with allies to explore lawful routes to use frozen and immobilised Russian assets to fund Ukrainian reconstruction. On Monday, we laid new legislation to enable us to keep sanctions in place until Russia pays to repair the country it has so recklessly attacked. After the sacrifices and suffering of the war, Ukrainians are hoping for a better future. It is in the interests of Europe and the world that the country they rebuild should be stronger than ever, integrated into western markets and self-reliant. The Government announced a major commitment of up to £250 million of new capital for the UK’s development finance institution, British International Investment.
The true legacy of this terrible war will be a Ukraine that is more modern, innovative, resilient and green. To support this, G7 Governments committed to develop a new clean energy partnership with Ukraine to accelerate the transition to a green energy system that is secure, sustainable, resilient and integrated with Europe, and the conference launched the InnovateUkraine green energy challenge fund to accelerate low-carbon, affordable energy innovation. Ukraine’s partners announced a new tech partnership to help realise the amazing potential of Ukraine’s burgeoning tech ecosystem. With Ukraine we announced a new tech bridge to facilitate investment and support talent between the British and Ukrainian tech sectors. In the interest of encouraging private sector investment, President Zelensky reaffirmed his commitment to the reform path and towards EU membership, which was welcomed by Ukraine’s partners at the conference.
The Government of Ukraine are committed to work in partnership with Ukrainian and international businesses, local government, civil society and the international community to deliver long-term sustainable recovery and development. The multi-agency donor co-ordination platform for Ukraine, whose steering committee met in London yesterday, will continue to help deliver prioritised, co-ordinated recovery efforts. We now hand over the conference to Germany, which will host the Ukraine recovery conference next year and build on the outcomes of Lugano and London.
This conference demonstrates that we and our allies are steadfast in our resolve to support Ukraine not just in the here and now, but for the long term. With Ukraine and international partners, we are planting the seeds of Ukraine’s future. Together with our allies, we will maintain support for Ukraine’s defence and for the counter-offensive, and we will stand with Ukraine for as long as it takes as it continues to win this war. Putin cannot hope to outlast our resolve or the spirit of the Ukrainian people. I commend this statement to the House.
I thank the hon. Member sincerely for his questions and his support, which has been consistent and deeply appreciated. He is absolutely right in his analysis and judgment that the conference as a whole, as well as the discussions we have in the Chamber, show deep unity across British policies and among allies, which is noted in the Kremlin with some discomfort, so I am grateful for his support. He drew an interesting juxtaposition between the terrible damage inflicted upon Ukraine and the tremendous resilience and courageous spirit of the Ukrainians, on which I am sure the House would agree. It was on show yesterday at the conference, for which we are most grateful.
The hon. Gentleman asked about the timeframes for our underwriting of loans. Clearly we are in the primary stages of a lot of this fiscal support and underwriting, but these will be multi-year commitments. While we are in the primary stages, the abundance of opportunities means there is huge capacity to make significant impact, coupled with the work we have done on risk insurance. Again, it is probably too early to say, but the London capital markets and the London insurance market will be central to that effort to de-risk and to empower businesses to invest in Ukraine, and those two things together will leave the UK at the centre of the financial and structural reconstruction and resurrection of Ukraine.
The hon. Gentleman asked a pertinent question about Russian assets. The Prime Minister is on record as stating that, quite rightly, we are looking at all legal routes to ensure that the perpetrator of these appalling crimes and destruction pays. That work is being done at pace, in concert with allies. I cannot announce any more progress today. If it was easy, we would have already done it, but we are looking at that and hope to make progress soon.
The hon. Gentleman made some entirely relevant and interesting comments about NATO, which were relevant given that the Vilnius summit is coming soon. We are an energetic supporter of Ukraine’s path towards that defensive alliance. I cannot pre-empt any discussions or announcements at Vilnius, but the inevitability is that although Putin calculated that he would somehow deter NATO through his outrageous invasion of Ukraine, the NATO alliance has been strengthened as we show our unity towards our near ally.
The hon. Gentleman made good points about the reform journey. What was palpable during the conference yesterday, especially in the remarks of President Zelensky, was the clear appetite of the Ukrainian political leadership and society to take a path of reform right across their society and economy. They know that ultimately prosperity depends upon transparency and a good investor climate. They will be very forward in showing their progress.
I welcome the success of the Ukraine rebuilding conference. It is what we do best in the UK: convening our global partners and bringing them together to support an ally. In particular, I welcome the fact that we have announced that no sanctions will be lifted until Russia pays compensation, but can I push the Government to go one step further and say that no funds will be unfrozen until Russia pays compensation?
In my discussions this week with global private sector leaders, they are making three clear requests as we plan for peace. One is to create that regulatory framework and the environment that allows them to go and do what they want to do to support Ukraine. The second is the importance of judicial reform to give global private sector leaders the confidence that the rule of law will underpin their investments in Ukraine. Finally, they see a transition to a cashless society as pivotal to Ukraine reaching all the opportunities available to it.
I urge my hon. Friend that, in order to help us bring peace sooner, we need to develop and establish an economic Ramstein, whether it be on the margins of the United Nations General Assembly in September, the G20 or the G7. That is the way we make sure that we are supporting the military effort and strangling Putin’s financial foothold that is allowing him to continue to wage war.
I am grateful to the Chair of the Select Committee not only for her sustained interest and personal experience, but for her involvement in this conference and her questions today. She is absolutely right about the convening power of our country, which was on show at its absolute best yesterday, but we must deliver on the commitments made at the conference, and we will.
My hon. Friend made a pertinent suggestion about a similar approach to frozen assets, and we will take that away. She rightly outlined that the clear requirement and pre-condition for Ukrainian economic reinvention and renaissance is the improvement of the regulatory environment, the development of a truly independent judiciary and, ideally, the transition to a cashless economy. There is huge appetite across the Ukrainian Government—because they are forward-looking and tech savvy—for those sorts of developments and modernisations, which will allow investment to flow. We entirely support that kind of institutional development. The conditionality of a lot of private capital that now flows to Ukraine as a result of this conference will usefully have those conditions attached, and I entirely agree with her analysis.
My hon. Friend made a pertinent point about the notion of an economic Ramstein, as it were. Yesterday and today show that, in terms of matching our military effort, there is global will—especially among G7 major developed nations—to have a similar economic effort that can be leveraged and mobilised to ensure that while we are giving lethal aid we are also driving economic improvement, because that is what will make victory not just inevitable, but sustainable.
I am grateful to the Minister for advance sight of his statement, and I welcome its contents. The SNP wholeheartedly welcomes the Prime Minister’s pledge at the beginning of the recovery conference to provide the $3 billion World Bank loan guarantees. My colleagues and I, and indeed the whole House, stand in unwavering solidarity with the people of Ukraine. We have always condemned, and will continue to condemn, in the strongest possible terms, Putin’s unprovoked invasion of a peaceful, democratic neighbour.
Our Ukrainian allies are to be commended for never giving up in their fight for territorial integrity and self-determination. Ukraine is fighting not only for the respect and sanctity of its own borders, but for the very principles of world order and the international rule of law. Ukrainian officials and forces must know that until Russian troops withdraw from all occupied Ukrainian land, we will not stop calling for increased and continuing support, both military and non-military.
That brings me to my questions. The Government have yet to detail how they will introduce legislation to move from freezing Russian assets to seizing Russian assets. Will the UK Government follow the lead of the Dutch Parliament, for example, by setting up a trust fund based on seized money from Russia and Russian oligarchs to fund the Prime Minister’s proposed plan to help rebuild Ukraine? How do the UK and its partners plan to bring onboard other Governments who have perhaps been less forthright in supporting Ukraine to date, and how do we plan to rally increased financial support around the world for Ukraine?
I am grateful to the hon. Member for his questions, his supportive comments, and his welcome of the $3 billion-worth of loan guarantees, which we think will make a significant difference. He asked a pertinent question about legislation to make provision for freezing versus seizing. We are still looking at that. We are looking at a robust legal path, and of course in our considerations we will look at the courses of action of other nations. He also asked what efforts we are making to support other countries. Clearly we are very energetic in the provision of lethal aid and our diplomacy therein, but yesterday and today at the conference showed that our ability to convene and to mobilise global capital —the City of London being a major global financial centre—is hugely important. That effort to inject capital to rebuild the Ukrainian economy will be equally as important as our resolute support for its military effort.