Financial Assistance to Ukraine Bill

Neil Shastri-Hurst Excerpts

Committee of the whole House
Wednesday 18th December 2024 Commons Chamber

[Gregor Poynton]

I agree with my hon. Friend about visas. We need to do everything we can to support the Ukrainian people, whether here in the UK or abroad.

Our support for Ukraine is an investment not just in its future but in the security and stability of Europe and the world. Russia’s war against Ukraine has not only devastated the lives of millions, but challenged the very foundations of the international rules-based order. The brutality of Russia’s actions, the targeting of civilians and the displacement of more than 8 million Ukrainians are stark reminders of the atrocities that war brings to ordinary people. This is a tragedy for the Russian people, too. Many tens of thousands of Russian troops have been needlessly killed in Ukraine—victims of the vainglorious and deranged ambitions of their leader. Our quarrel is not with ordinary Russians; it is with the regime that oppresses and lies to them.

Ukraine, meanwhile, has shown resilience, courage and an unwavering determination to protect its land, its people and its freedom. President Zelensky and the Ukrainian people have stood firm in the face of adversity. As I have said before, they are fighting not just for Ukraine, but for all of us. Let us make no mistake: if we do not send the weapons and financial support that the Ukrainians need to fight this war, we will one day have to send our sons and daughters to confront Putin and his regime.

I am proud to say that our unwavering support for Ukraine unites Members on both sides of the House, and it has united our country, too. I am very proud to walk around my Livingston constituency and see Ukrainian flags in windows and gardens as a sign of our solidarity. From providing military aid to offering humanitarian assistance, and from imposing sanctions on Russia to offering refuge to those fleeing war, we have acted with purpose and resolve, and many British people, including individuals in this House, have opened their doors to Ukrainian refugees.

The UK has provided £450 million in humanitarian assistance since the start of this full-scale invasion, including £20 million to double this year’s support for Ukraine’s energy system, and £40 million for stabilisation and early recovery, which the Foreign Secretary announced in Kyiv in September. The Labour Government have stepped up for Ukraine. The UK will deliver £3 billion of military aid to Ukraine every year for as long as it is needed—their fight is our fight. The UK’s military, financial, diplomatic and political support for Ukraine is ironclad. The Bill provides the Government with the spending authority to enable the UK to provide the Ukrainians with financial assistance, as part of the G7 extraordinary revenue acceleration loans to Ukraine scheme, which is an important part of this effort. It represents an advance of approximately $50 billion, repaid from the extraordinary profits made on immobilised Russian sovereign assets held in the UK.

We must continue to stand with Ukraine, confront Russian aggression, and pursue Putin for his war crimes. Our response must be one of strength, resilience and unity for as long as it takes.

[Dr Neil Shastri-Hurst (Solihull West and Shirley) (Con)]

At a time of existential threat to Ukraine, I have been heartened by the tone from across the House towards the Ukrainian people. It is critical at this moment in history that this House and all European Governments step up and do not give up. While I welcome the details of this short Bill, we should be focusing on the untapped countermeasure and counter-offensive that is at our disposal. Like a number of colleagues, I gently say to the Minister that we should think about the use of frozen Russian assets to support Ukraine in its non-violent economic and political reconstruction. The UN General Assembly has already endorsed an international mechanism for compensating Ukraine, but we cannot wait for the war to be over before we enact that countermeasure. Back in 2022, Ukraine lost 29% of its GDP, so if it only receives its compensation at the end of the war, that will be far too late.