Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 April 2025 to Question 41839 on Ukraine: Overseas Loans, if she will make an assessment of the potential merits of increasing the loan to Ukraine.

The Government is providing £2.26bn as part of the G7 Extraordinary Revenue Acceleration (ERA) Loans to Ukraine scheme. This will be repaid using profits from immobilised Russian sovereign assets in the EU.

The G7 has assessed and agreed that the ERA can support $50bn of support to Ukraine – the entirety of which has been pledged. Any amendment to the ERA scheme would need to be agreed by the G7.

The UK has committed £15bn in support to Ukraine to date, including £10bn in military support (including our £2.26 billion ERA Loan contribution) and £5bn in non-military support.