Ukraine: Loans

Foreign, Commonwealth and Development Office written question – answered at on 4 March 2026.

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Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether in future financing for Ukraine, in line with the policy conditions for macro-financial assistance proposed by the European Parliament and the Council of Europe in its ‘Proposal for a regulation of the European Parliament and the of the Council implementing enhanced cooperation on the establishment of the Ukraine Support Loan for 2026 and 2027’, the UK government will advocate that a proportion of any financial contribution be used to assist in the financing of compensation, as a form of reparation, to victims who have suffered harm as a result of Russia’s armed aggression.

Photo of Stephen Doughty Stephen Doughty Minister of State (Foreign, Commonwealth and Development Office)

We welcome the progress made towards delivery of the EU's €90 billion Ukraine Support Loan: this will be critical to meeting Ukraine's pressing needs. The loan's regulation also makes clear financing may be used by Ukraine to assist in the financing of compensation, as a form of reparations, to those individuals who have suffered damage from the illegal actions of Russia. This includes cases through the Claims Commission for Ukraine established under the auspices of the Council of Europe, of which the UK is a signatory. We remain committed to accountability and the principle that Russia should pay for the damage it has caused. We will continue to coordinate with G7 and EU partners to ensure that Ukraine gets the funding it needs.

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