Ukraine: Debts

(asked on 7th March 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with (a) his Ukrainian counterpart and (b) the Secretary of State for Foreign, Commonwealth and Development Affairs on Ukrainian sovereign debt relief.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 10th March 2022

The Chancellor continues to engage with G7 partners and International Financial Institutions on progressing current and future support to Ukraine. This includes a G7 Finance Ministers and Central Bank Governors meeting held on 1 March with the Ukrainian Finance Minister.

Alongside our allies, we’ve hit Russia with the most severe package of sanctions it has ever seen and our economic and humanitarian support to Ukraine now totals around £400 million. This includes USD$100 million of funding to Ukraine through the World Bank Multi-Donor Trust Fund and that we stand ready to provide USD$500 million in loan guarantees to support Multilateral Development Bank lending. This support has also enabled a package to be agreed on 8 March of over $700m for direct fiscal support to Ukraine via the World Bank, to help mitigate direct economic impacts.

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