Russia: Freezing of Assets

Foreign, Commonwealth and Development Office written question – answered at on 2 April 2024.

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Photo of Fabian Hamilton Fabian Hamilton Labour, Leeds North East

To ask the Minister of State, Foreign, Commonwealth and Development Office, what assessment he has made of the potential implications for his policies of EU proposals to send profits generated from frozen Russian assets to Ukraine.

Photo of Nusrat Ghani Nusrat Ghani Minister of State (Minister for Europe)

We continue to work closely with allies, including the EU Commission, to explore all lawful routes by which immobilised Russian sovereign assets can be used to support Ukraine. G7 Leaders reaffirmed this on 24 February, instructing relevant ministries to continue their work to that end and report back ahead of the G7 Summit in June. We will keep the House updated as this work develops.

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