Oral Answers to Questions Debate
Full Debate: Read Full DebateStephen Doughty
Main Page: Stephen Doughty (Labour (Co-op) - Cardiff South and Penarth)Department Debates - View all Stephen Doughty's debates with the Foreign, Commonwealth & Development Office
(1 year, 5 months ago)
Commons ChamberUkraine’s 2023 budget alone has a $38 billion gap, and the cost of the damage done to critical infrastructure runs into the hundreds of billions. There is one party responsible: Russia. We support the Government’s plans for a reconstruction conference this summer, but we cannot have any dragging of the heels in making Russia foot the bill for its barbarous war. We have heard about other international examples, so when will the Foreign Secretary set out a clear plan to seize—not just freeze—Russian state assets and repurpose them?
The sad but simple truth is that it is not as easy as the hon. Gentleman’s question implies. The fact is that there have been conflicts around the world before and there have been perpetrators before, but there has never been a seizure of assets. As I say, we need to ensure that we are compliant with both domestic and international law. We will look carefully at the proposals being explored and tested by our close friends and allies, but I can reassure him and the House that we will ensure, working in close co-operation with our friends internationally, that Russia pays for the brutality that we are seeing in Ukraine.