Question to the Foreign, Commonwealth & Development Office:
To ask His Majesty's Government what steps they have taken to earmark funds to support Ukraine in the period after the cessation of hostilities.
Supporting Ukraine to build a secure and prosperous future is an essential part of our effort to help Ukraine defeat Russian aggression. The Ukraine Recovery Conference (21-22 June 2023) raised over $60 billion in new support, including $3 billion in UK guarantees to World Bank lending and £240 million of UK bilateral assistance for 2023-24. The UK has earmarked up to $1 billion a year in fiscal support through World Bank guarantees between 2023 and 2027. Bilateral allocations for the 2024-25 financial year are still being finalised and funding beyond 2025 will be confirmed after the next Spending Review.