Oral Answers to Questions

Emily Thornberry Excerpts

Tuesday 27th October 2026 Commons Chamber

[Mr Speaker]

I call the Chair of the Select Committee.

[Emily Thornberry (Islington South and Finsbury) (Lab)]

I learnt a great deal during my trip to Ukraine last month. I learnt that the Ukrainians see themselves as Europeans, that they know who their friends are and that they are incredibly grateful to Britain, but that they are also very disappointed as they hit this very difficult winter. We know that they will need about £90 billion to get through it. There are £200 billion-worth of Russian assets frozen in Europe; what can we in Britain do to ensure that those assets are unlocked and used in Ukraine? Might one answer be to lead by example? Is there something we can do about the £25 billion-worth of Russian assets that we have in the UK and—as we head towards the anniversary of Abramovich’s being told that he had to hand them over—the £2.5 billion-worth of Chelsea assets?

[Ed Miliband]

My right hon. Friend always speaks a good deal of sense on these questions. In response to the fundamental point, let me repeat what I said in an earlier answer: we are determined to tackle the issue of Russian sovereign assets. As my right hon. Friend may know, there is a renewed push in the EU to take action on it, and I have said to my EU counterparts that we are determined to act with them. That brings me to the broader point that she raised. Russia is seeking to test our resolve on Ukraine, and we must show that we will absolutely stand with the Ukrainian people until they prevail. There are a number of elements in that, but one of them is the financial question, and we are determined to act.