Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Oral Statement of 22 October 2024 on Ukraine, Official Report, columns 183-4, whether she has had discussions with her Ukrainian counterpart on the proportion of the £2.26 billion loan to Ukraine that will be spent on the UK defence industry.

With regard to the UK’s disbursement of its £2.26bn contribution to the Extraordinary Revenue Acceleration scheme, the loan agreement and full terms remain in discussion and no decision has yet been made on what Ukraine will buy using this money. The UK intends to begin disbursing this money from early next year.