Financial Assistance to Ukraine Bill Debate

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Department: HM Treasury
James Naish Portrait James Naish (Rushcliffe) (Lab)
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I congratulate my hon. Friend the Member for Amber Valley (Linsey Farnsworth) on her wonderful maiden speech—actually, I have actually shifted up to sit in her spot so that I can accept all the plaudits that are coming from others. Yesterday marked 1,000 days since the start of Russia’s full-scale invasion of Ukraine. One thousand days later, missiles and bombs continue to rain down on sleeping civilians, Ukraine’s critical energy infrastructure is targeted, and in the south and east of the country, approximately 3 million Ukrainians live in occupied territories, where their human rights are routinely violated. The Ukrainians living under occupation must be liberated. Ukrainians across the rest of the country must be able to move on with their lives in peace, without fear of being bombarded.

The Bill provides the Government with the spending authority to provide an additional £2.26 billion in financial assistance to Ukraine, paid for not by the British taxpayer, but through the extraordinary profits made on immobilised Russian sovereign assets. Many of my Rushcliffe constituents will welcome this very serious and sensible proposal, which gives Ukrainians more tools to defend themselves, and would join some of the calls today to look at ways in which we may be able to go still further.

I trust that the House will join me in paying tribute to the Ukrainian armed forces who are fighting so valiantly to defend their country and their democracy, and to the members of our UK armed forces who are involved in training Ukrainian armed forces in the UK through Operation Interflex, which has now trained more than 50,000 Ukrainian recruits. That includes Nottinghamshire armed forces personnel, such as Corporal James Noble of C Company 4 Mercian, who spoke publicly about the training. Describing its impact, he recalled:

“Completely out of the blue, a Ukrainian soldier came over to me with a picture on his phone and said: ‘This is my wife and this is my young child. Thanks to you and what you’ve done, I have a much greater chance of living to see them again.’”

In Rushcliffe, many of my constituents will welcome the Bill. Since the full-scale invasion started, over 300 Ukrainians fleeing the war have been sponsored by Rushcliffe residents as part of the Homes for Ukraine scheme. From a solidarity march in West Bridgford to a concert for Ukraine in Keyworth that raised £1,800, so many of my constituents have done what they can to support the Ukrainian people and they will welcome the Government using profits made on immobilised Russian sovereign assets to support Ukraine during its darkest hour.

We have the opportunity today to progress legislation that will unlock vital additional funding for Ukraine to invest in more of the equipment that it needs to defend itself from Russia’s illegal invasion. That additional funding comes on top of the UK’s existing £3 billion a year for military aid for Ukraine. Our support for Ukraine is iron-clad, as it should be. I therefore support the Government and commend the Bill to the House.