Ukraine Recovery Conference

Lord Alton of Liverpool Excerpts

Monday 15th May 2023 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

My Lords, I record our thanks for the vital work done by Members of this House at the Council of Europe. The noble Lord is correct that my right honourable friend the Prime Minister will attend the Council of Europe meeting tomorrow. He will participate directly on the issue of Ukraine, and we will work with our key partners. My attendance at the meeting with our Indo-Pacific partners as well as member states of the European Union also underlines the focus that we put on Ukraine. I will be taking over the baton, if I can put it that way, from the Prime Minister on Wednesday to ensure that the United Kingdom is represented at the Council of Europe fully and that our views are shared with our key partners.

[Lord Alton of Liverpool (CB)]

My Lords, has the Minister seen the estimate that as much as £1 trillion will be required for the reconstruction of Ukraine, on the scale and size of something like the Marshall aid programme? To return to the Question asked by the noble Baroness, Lady Sugg, has he also seen that the money that has been moved into secret trusts by oligarchs in this country, in one case alone, amounts to more than £3 billion? Will he support, and encourage his noble friends to support, the amendment that was considered in Committee on the economic crime Bill, which enjoyed all-party support and would ensure that that money could then be deployed for the reconstruction of Ukraine?

[Lord Ahmad of Wimbledon (Con)]

My Lords, I recognise the noble Lord’s valuable efforts on this issue and many more. I can share with him that we are looking at all ways, means and mechanisms to ensure that all money can be utilised, but we must ensure that we do so according to law, as I alluded to in the response I gave to my noble friend Lady Sugg. I recognise the importance attached by your Lordships’ House to ensuring that we can expedite some of these areas to ensure that the financing is in place. That is why I come back to the objective and sole purpose of the recovery conference, which is to include all parties, including, importantly, the private sector. We of course recognise the bill for recovery in Ukraine, and that is why we will host this conference side by side with the Ukrainians. We have wide attendance. We have been working through the G7, and that will be reflected in some of the outcomes of that important conference.