My Lords, I too welcome today’s debate. I pay tribute to my noble friend Lord Howell of Guildford for securing the opportunity to discuss this subject. I thank him too for his excellent, brilliant analysis of the situation; I really enjoyed listening to it. I also want to add my congratulations to the noble Lord, Lord Pitkeathley, on his maiden speech.

The international order is shifting, and today we stand at a crossroads. I, like everybody else, rise to reaffirm that the United Kingdom must remain a force for freedom, prosperity and peace in a very troubled world. As mounting global uncertainty seeks to challenge the post-1945 world order, we have an obligation—indeed, a duty—to reassert our leadership and to stand shoulder to shoulder with our allies, particularly in Europe, in defence of the very principles that have long underpinned our standing in the world. Nowhere is this duty more relevant than in our resolve to support and stand by the people of Ukraine.

Casting our minds back to 24 February 2022, the barbaric and illegal invasion of Ukraine by the Russian Federation was not merely an unprovoked attack on a sovereign nation but an assault on the universal values of democracy, freedom and, above all, the rule of law. Today, the people of Ukraine fight not just for soil or boundaries on a map, but for the values that have defined our national psyche for centuries. I therefore welcome the Government’s continued support for Ukraine, as it demonstrates what we stand for as a nation.

We have been at the very forefront of military, economic and humanitarian support, but I remind the House today that even when others dither and dally, we must not falter in our resolve and our efforts, for the very security and peace of Europe hangs finely in the balance. History teaches us that Britain’s strengths have never been in passivity, but in boldness. It is now time for the Government to go even further. I congratulate the Prime Minister on the stance he has taken and what he has done, but we must go further in our support for Ukraine. It is time, therefore, to take rapid action in bringing forward the legislation needed to seize and utilise frozen Russian assets.

I appreciate that this is not an issue on which Britain can act alone, but, as we did in 2022, we must lead in uniting Europe and the G7 in bringing forward the legal mechanisms required to mobilise the more than £237 billion-worth of frozen assets and deploy them to bring about the end of this horrific war. If we show leadership here, it will send a message to the world that the United Kingdom remains a force for good and the standard-bearer of justice and liberty among the nations. I believe that at this time we must continue to show the support we have shown and provide leadership as we develop our defence forces for the future.