Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the value of economic assistance to the Government of Ukraine in FY2022-23 will be in the form of (a) grants and (b) loans.

Our economic and humanitarian support announced for Ukraine totals over £750 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. This total also includes UK guarantees on up to $500 million of lending by multilateral development banks operating in the region, and particularly the World Bank, which will enable them to significantly scale up their financial support offer to Ukraine.

Some of this humanitarian and economic support has already been disbursed to meet urgent needs (in FY21/22), with further support, including UK guarantees expected to be mobilised in FY22/23.

The UK continues to engage with international counterparts, including G7 partners and International Financial Institutions on support to Ukraine.