John Whittingdale
Main Page: John Whittingdale (Conservative - Maldon)Department Debates - View all John Whittingdale's debates with the Foreign, Commonwealth & Development Office
(9 months, 3 weeks ago)
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Mr Mitchell
We are doing everything we can to ensure that we play our part in persuading our many friends in Congress to support this measure. The right hon. Gentleman will have seen what the Foreign Secretary did when he was there, and he may well have seen the powerful article that was widely available in the United States. I hope he will conclude from that that we are doing everything we can to pursue the result that he and I both want.
Sir John Whittingdale (Maldon) (Con)
My right hon. Friend will be aware that estimates for the cost of restoration and rebuilding of Ukraine are now reaching $1 trillion. I warmly welcome the Foreign Secretary’s suggestion that we start using frozen Russian assets of up to $350 billion for that purpose now. Can my right hon. Friend say what progress is being made to achieve that?
Mr Mitchell
I hope that in due course we will have more to say on the specific provision my right hon. Friend asks about. He will recall the Ukraine reconstruction conference that took place in London last year, where we announced a number of specific measures to lay the foundation for Ukraine’s long-term future. I hope very much that the £250 million of new capital that was announced then, along with the £500 million UK loan guarantee via the World Bank, is seen as a down payment on that effort. In respect of the use of wider funding, he may be sure that his words are being heard.