Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of writing off all debt owed by Ukraine to the UK.

The Chancellor continues to engage with G7 partners and International Financial Institutions on progressing current and future support to Ukraine.

Alongside our allies, we’ve hit Russia with the most severe package of sanctions it has ever seen. Our economic and humanitarian support to Ukraine also now totals around £400 million. This includes a £220 million package of aid, making the UK a leading bilateral humanitarian donor; a £100 million grant to support Ukraine’s energy and security reforms, primarily delivered through World Bank programmes; and a $100 million budgetary support grant, which contributed to a package agreed on 8 March of over $700 million for direct fiscal support to Ukraine via the World Bank, to help mitigate direct economic impacts.

The UK also stands ready to provide up to $500 million in guarantees to support Multilateral Development Bank lending, which will enable them to significantly scale up their financial support offer to Ukraine.