Written question asked by Richard Holden (Conservative) on Monday, 18 May 2026, in the House of Commons. It was due for an answer on Wednesday, 20 May 2026. It was answered by Rachel Blake (Labour) on Thursday, 21 May 2026 on behalf of the Treasury.

Freezing of Assets: Russia

Question: To ask the Chancellor of the Exchequer, what recent discussions she has had with Cabinet colleagues on the potential use of frozen Russian sovereign assets and funds from the sale of Chelsea Football Club to support Ukraine.

Answer

While I am unable to comment on private Cabinet or committee discussions, I can assure you that the Government is doing everything within its powers to ensure that the full proceeds from the sale of Chelsea Football Club are used for humanitarian purposes in Ukraine. As the Prime Minister, the Foreign Secretary, and the Chancellor have each made clear, we are committed to these funds reaching the people of Ukraine, who continue to face profound humanitarian need as a result of Russia’s ongoing aggression.

Separately, the government continues to consider ways in which Russia’s immobilised sovereign assets can be used to support Ukraine. The G7 has continued to commit to these assets remaining immobilised until Russia ends its war of aggression and pays reparations.

Secondary information

Type: Written question
Reference: 2127
Session: 2026-27
Subjects: Ukraine Sales Chelsea Football Club Russia Freezing of assets
Link: View this Written question on www.parliament.uk

Freezing of Assets: Russia

Secondary information

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