Written question asked by Lord Anderson of Ipswich (Crossbench) on Monday, 26 February 2024, in the House of Lords. It was due for an answer on Monday, 11 March 2024. It was answered by Lord Ahmad of Wimbledon (Conservative) on Thursday, 7 March 2024 on behalf of the Foreign, Commonwealth and Development Office.

Russia: Sequestration of Assets

Question: To ask His Majesty's Government what assessment they have made of Professor Philippa Webb’s report prepared for the European Parliamentary Research Service, Legal options for confiscation of Russian state assets to support the reconstruction of Ukraine, published in February 2024.

Answer: The UK, alongside the G7, has underscored that Russia must pay for the damage it has caused to Ukraine. The Government is fully committed to working alongside partners to pursue all lawful routes through which immobilised Russian sovereign assets can be used to support Ukraine. In their 24 February statement, G7 Leaders tasked relevant ministries to continue their work to that end and report back ahead of the G7 Summit in June. The Government will keep the House updated on significant developments as appropriate.

Secondary information