Viscount Stansgate
Main Page: Viscount Stansgate (Labour - Excepted Hereditary)Department Debates - View all Viscount Stansgate's debates with the Foreign, Commonwealth & Development Office
(2 years, 1 month ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lord Ahmad of Wimbledon (Con)
My Lords, my noble friend speaks with expert insight on these issues, but I assure him that we are focused on immediate, medium and long-term support. The UK has pledged £100 million to support Ukraine’s energy security and reform, and £74 million in fiscal grant support to Ukraine through the World Bank. We have also provided guarantees which have unlocked nearly £1.3 billion pounds, $1.5 billion of World Bank and EBRD lending to Ukraine, and the first $415 million of this, and the second $500 million in September, have been deployed through the World Bank to fund key lines of government expenditure. This is done in co-ordination with the IFIs and key partners.
Viscount Stansgate (Lab)
My Lords, I understand from the Minister that it was Russia that convened the meeting of the Security Council at which this suspension was made clear. However, in the light of the comments from my noble friend Lord Collins and the right reverend Prelate, it is absolutely vital that the United Kingdom does everything it can in the Security Council to help the Secretary-General renegotiate or restart this agreement for grain, because so much of the world in parts of the Middle East depends on it for its existence.
Lord Ahmad of Wimbledon (Con)
I assure the noble Viscount that that is exactly what we are doing. Our excellent ambassador, Dame Barbara Woodward, has emphasised the importance of restarting this initiative. We are working closely with and behind the UN to ensure that the initiative, which is saving lives in some of the most vulnerable parts of the world, is restored as immediately as possible.