Ukraine

Debate between Yvette Cooper and James MacCleary

Wednesday 15th October 2025 Commons Chamber

[Madam Deputy Speaker]

I call the Liberal Democrat spokesperson.

[James MacCleary (Lewes) (LD)]

I thank the Foreign Secretary for advance sight of her statement. I warmly welcome the announcement of fresh sanctions aimed at cutting Putin’s oil and gas profits. It is vital that we make use of all the tools at our disposal to undermine his war machine, and we know that oil and gas revenues are primarily used to fund it. These measures are a further step in the right direction, but I encourage the Government to go even further.

Analysis by the Centre for Research on Energy and Clean Air think-tank shows that UK-owned or insured liquefied natural gas carriers have facilitated the transport of £45 billion of Russian gas since the start of the full-scale invasion. That means that 76% of the total export value of Russian LNG was carried on UK-owned or insured vessels. It is unconscionable that UK businesses are still contributing to Putin’s coffers, so will the Foreign Secretary commit to banning the provision of maritime services, including transport and insurance, for Russian gas? Will she engage directly with the maritime insurance sector, a large proportion of which is based in the UK, to find practical ways to implement such a ban?

I was very pleased to hear of the Foreign Secretary’s ambition to progress plans to use the full value of frozen Russian assets to support Ukraine’s war effort. That is a measure that the Liberal Democrats have been pushing for action on for some months. The Government need to move at pace as Ukraine continues to face Putin’s relentless assault, so can the Foreign Secretary confirm the timetable she is looking at for new funds becoming available from frozen assets? Can she outline how those funds will be allocated, and if barriers to seizing those assets are put in place internationally, can she commit to the UK Government acting unilaterally when it comes to seizing the assets held in the UK?

It is more than three years since Roman Abramovich sold Chelsea football club. In June, the then Foreign Secretary said that the Government were ready and willing to take legal action to finally secure the £2.5 billion generated from the sale that is earmarked for additional support for Ukraine. It appears, however, that the Government’s bark has been worse than their bite so far, as we have heard no more about how the Government intend to pursue those assets. What concrete action have the Government taken since June to secure them?

We all hope to see a just peace in Ukraine. When we do, thoughts will switch to reconstruction. Can the Secretary of State commit to provide full UK backing, including funding, to the Council of Europe’s register of damage for Ukraine?

[Yvette Cooper]

I thank the Liberal Democrat spokesperson for his questions and his continued support for Ukraine. We are determined to tighten the restrictions much further, not simply on the oil and gas companies, although this is the first time we have sanctioned these major companies, but on the distribution networks and those who continue to profit. On 12 September, I announced 100 new sanctions, including on 70 more ships in the shadow fleet. Today, in the second sanctions package that I have announced since being appointed, I have announced sanctions on a further 44 shadow fleet ships, because we are clear that the shadow fleet is undermining the impact of the sanctions that we have set out.

On Russian sovereign assets, if what we do is to have a proper impact, both on Russia and on the market, it is right that we should work alongside partners, and we welcome the statements from President von der Leyen and the G7 Finance Ministers. I can tell the hon. Gentleman that this is a huge priority for me and for the Chancellor, who is pursuing those exact issues about timetables, and about the final steps we need to take around Russian sovereign assets in Washington today.

The issue of the proceeds from the sale of Chelsea football club is a priority for me personally. We must ensure that those proceeds can reach humanitarian causes in Ukraine, following Russia’s illegal full-scale invasion. I am deeply frustrated that that has not been possible so far, but we are fully prepared to pursue this matter through the courts if required, while the door for negotiations remains open. Again, I have discussed this matter not just with the Chancellor, but internationally.