Frozen Russian Assets: Ukraine

Part of the debate – in the House of Commons at 8:26 pm on 6 January 2025.

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Photo of Mike Martin Mike Martin Liberal Democrat, Tunbridge Wells 8:26, 6 January 2025

Thank you, Madam Deputy Speaker. In the light of my overrunning speech earlier, I will not take up the full two minutes allocated to me, so I can give you back some time in a congested parliamentary timetable.

I will focus on two things. One is unity. We have demonstrated that unity tonight throughout the House. This is not about party politics: this is about the moral and strategic interests of our country and our allies. The other point is about leadership. We have led throughout on this conflict, and this will be the next stage of that leadership.

Question put and agreed to.

Resolved,

That this House
recognises the horror of Russia’s renewed illegal invasion of Ukraine;
further recognises the necessity of a Ukrainian victory over Russia;
agrees that the United Kingdom must do all it can to support Ukraine in its fight against Russian aggression;
acknowledges that there are approximately $300 billion of Russian assets frozen in the G7 and EU;
and calls on the Government to investigate ways that these frozen assets could be legally seized and used to fund the war effort in Ukraine, and to report back to the House with its findings.

Deputy Speaker

The Deputy speaker is in charge of proceedings of the House of Commons in the absence of the Speaker.

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