Question to the HM Treasury:

To ask His Majesty's Government what plans they have to liquidate Russian assets currently frozen in the UK; and whether they have discussed the implications of that action with (1) leaders of the EU, and (2) President Trump.

The Chancellor is actively engaging with our EU and G7 partners to explore options for using the full value of Russian sovereign assets immobilised across the G7, in line with international law.

The Government remains committed to ensuring Russia is held accountable for the damage it has caused, and continues to cause, in Ukraine. Alongside our G7 partners, the UK has pledged to maintain the sanctions in Russia’s sovereign assets within our jurisdiction until Russia has paid compensation to Ukraine.