Ukraine: Reconstruction

Lord Kerr of Kinlochard Excerpts

Thursday 25th January 2024 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

I believe I have addressed that. I agree with the noble Lord, and that is what I have said. Any action, whatever that may be, must be legally underpinned and legally robust. That is why sometimes we are slightly constrained in what we say from the Dispatch Box.

[Lord Kerr of Kinlochard (CB)]

Did the Minister see the article in this week’s Financial Times by Bob Zoellick, distinguished former Secretary of State, USTR and president of the World Bank, in which he argued that frozen funds should be used now for the benefit of Ukraine and suggested the best way of doing that? How did the Minister react to Bob Zoellick’s suggestion?

[Lord Ahmad of Wimbledon (Con)]

I think that it is based on his insight and experience. It is helpful that the US is exploring various options, as the noble Lord, Lord Fox, also pointed out. I cannot go further at this time than saying that we are working very closely with the US on the steps it is taking or seeking to take to see how they can best be transposed and reflected in our structures. Coming back to the key point, they must be underpinned to ensure that they are legally robust.