The MP asked the Minister to elaborate on how the UK can use its influence and diplomatic channels to secure Russia’s frozen assets for Ukraine's reconstruction, and what role London’s global financial hub status plays in this effort.

The MP questioned whether the conference was focused too much on financial aspects while ignoring the urgent need for humanitarian aid and protection against Russian attacks, including the impact of the Kakhovka dam destruction.

The MP inquired about the specifics of the new Ukrainian clean energy partnership and how it would contribute to Ukraine’s future development, particularly in terms of integrating renewable energy systems.

I draw attention to my declarations in my capacity as shadow Minister. I thank the Minister for his statement and advice sight of it, and for his constructive engagement with the Opposition throughout the course of the conference; it was a great honour to be able to attend. We have many disagreements in this House, but Vladimir Putin should be clear of one thing: there is absolute unity across this House on this matter, and our resolute support will continue. This week has truly underscored that the strength of support for Ukraine—for its sovereignty and nationhood and for the values that we share—is unwavering. I have seen that damage for myself, but I have also seen the resilience and rapid rebuilding the Ukrainians have been able to do even now. However, there are huge challenges ahead, for example in the removal of mines and unexploded ordnance and the huge damage to civilian infrastructure, and of course from disasters like the Kakhovka dam destruction. For over a year and three months Ukraine has, at an unimaginable price, defended its territory but also the principles of an entire continent—liberty, democracy, self-determination and the international legal order. I thank the Inter-Parliamentary Union, the Westminster Foundation for Democracy, the Ukraine-UK inter-parliamentary friendship group and colleagues across the House for their engagement with the parliamentary components of this conference. We had some very successful events in this place yesterday, and I thank the House and the IPU in particular for organising them. The Prime Minister was right to say yesterday that prior to this barbarous invasion Ukraine was becoming a huge focal point for foreign investment and interest. Across agriculture, raw materials, start-ups, renewable energy and technology, to name just a few sectors, there was so much promise in Ukraine, and it is in the interests of all of us, and most importantly of the Ukrainian people, that Ukraine gets back on a solid economic footing and becomes that internationally competitive nation once again. So Labour welcomes the multi-year commitments made to Ukraine yesterday, including the loan guarantees and other measures that will be critical in shaping Ukraine’s future. Can the Minister provide more information on the timescale for those loan guarantees? How many deals are already in the pipeline as a result of them? Can he also say a bit more about the risk insurance framework, and what role London, as a leading international insurance market, will play?

We welcome the announcement of $15 billion to Ukraine over four years from the International Monetary Fund, and the announcement of £250 million of extra funding for British International Investment, formerly CDC. However, BII and its predecessor have not worked in Ukraine or that part of the world for a long time. Can he say a little bit more about how it is going to scale up and ensure that that money is used quickly and effectively?

The UK has been leading in many areas when it comes to Ukraine, but on repurposing Russian state assets we are still getting a lot of “wait and see” from this Government. When will concrete steps be taken with our allies to secure resources for Ukraine’s immediate reconstruction?

We must acknowledge that Ukrainians have shown that they will stand firm, but we need transparency, accountability, and the strength of institutions to improve over the years ahead. Can the Minister say a little more about how we and allies will continue to support the President’s agenda to strengthen and deepen Ukraine’s democracy?

Welcomes the success of the Ukraine rebuilding conference; urges government to create an 'economic Ramstein' similar to military efforts in Ramstein, Germany; discusses regulatory framework, judicial reform, and transition to a cashless society.

Welcomes Prime Minister’s pledge of $3 billion World Bank loan guarantees; asks how UK will introduce legislation to seize Russian assets, and if a trust fund for seized money will be set up.

Highlights importance of Ukrainian grain exports, suggesting UK should lead in upgrading UN deal for maritime escort force.

Urges House to be kept informed about commitments delivery, suggests tightening sanctions on Russians in the UK.

Congratulates everyone involved in conference; reiterates importance of Russia paying for damage, asks for clarity that frozen assets won't be unfrozen until compensation.

Asks about preparations for landmine and flood recovery, and efforts to encourage broader country contributions.

Yesterday, I was privileged to meet several Ukrainian MPs who came to Parliament on the sidelines of the Ukraine recovery conference for a series of meetings organised by the Inter-Parliamentary Union. The shadow Minister, the hon. Member for Cardiff South and Penarth (Stephen Doughty), commented on that in his remarks. That cross-party support sends a crucial message to our friends in Ukraine—a message that those in the Kremlin would do well to think about. Does my hon. Friend agree that part of the reconstruction of Ukraine will involve sharing experiences and ideas between Parliaments to help to ensure that Ukrainians continue to enjoy a strong democracy, which has lasted throughout this terrible period, for many years to come?

I was interested to hear the Minister talk about the war risk work. If we are to support Ukrainian reconstruction, global public money will have to be spent, as a catalyst to leveraging private sector investment. London’s unique role as an insurance and reinsurance market should put us at the heart of that international effort. Could the Minister expand further on how the House will be kept informed of that effort? Importantly, how can the insurance and reinsurance markets be used not only to de-risk private sector investment in Ukraine but to make it harder for our international partners and those people around the world who are still trading with Russia to do business with Russian businesses on a global scale?

Our Government deserve great credit for the military and non-military support—£470 million has been given. The World Bank estimated in March that the total rebuilding of Ukraine was likely to cost in excess of £411 billion—that was before the destruction of the Kakhovka dam. Did my hon. Friend detect at yesterday’s conference a willingness among the world’s wealthier nations that for one reason or another have not felt able to participate in the military effort to participate generously in the efforts to rebuild Ukraine?

I welcome the success of the conference. I have just returned from the Council of Europe in Strasbourg this week, where there was genuine and palpable hope about its actions. We all know that what we need to do with Russian assets is seize, not just freeze. Given that London remains one of the money laundering capitals of the world, what more will the Government do to stop the flow of dirty Russian money through the City of London and fully implement and embrace the Magnitsky principles?

On Tuesday I had the privilege of discussing with Ukrainian telecommunications operator Kyivstar the challenges it faces. As a telecoms network engineer, I want to put on record my absolute admiration for what it is doing to change network design, investing in new technologies to maintain service and coverage in the midst of Putin’s illegal war. Given that it is Putin’s illegal war, should the frozen Russian assets not pay for investment in critical national infrastructure? Will the Minister set out when that money will start to flow?

One has only to go out to Ukraine and see the damage caused to realise the scale of the rebuild challenge once the war concludes. However, the reconstruction is already under way; many key pieces of infrastructure are already being rebuilt. Companies in the UK wish to get involved in that, but the travel advice has a prohibitive impact on insurance, particularly for medium or smaller companies that could offer specialist skills in the rebuilding efforts. What work can the Department do to create a framework of advice that reflects the fact that, although some parts of the country are in conflict, given its vast scale, companies could operate relatively safely and appropriately in other parts to help support rebuilding efforts?

I want to return to the environmental, humanitarian and agricultural disaster following the explosion at the Kakhovka dam. Mine is the only party calling for a reinstatement of the commitment to spend 0.7% of GDP on helping countries deal with that type of disaster. Will the Minister consider revisiting that commitment? Could he update the House on the release of the £2.35 billion proceeds of the sale of Chelsea football club, which we understand are to be used for humanitarian purposes in Ukraine and are needed now more than ever?

I draw the House’s attention to my entry in the Register of Members’ Financial Interests. I echo other Members’ steadfast support and commend the success of the conference in bringing so many together to support Ukraine’s long-term recovery. I met many Ukrainian MPs at cross-party meetings and talked about the economic counter-offensive that we can join. I echo the comments made by other Members about not just freezing but seizing assets. Some $300 billion of Russian state central bank assets have been frozen by western Governments. The EU, Canada and the US are moving forward with legislation on that, so what steps is the Minister taking within the Group of Seven to use those funds to rebuild Ukraine? Russia must pay for the damage and destruction it is causing.

I thank the Minister very much for his very positive statement and for the Government’s clear long-term commitment, which we all welcome across the House. I am very supportive of the idea hinted at today by several news outlets that Ukraine may be given NATO membership under the same terms as those given to Sweden and Finland earlier this year. With that will come an obligation that means more support, defensively, for Ukraine. Is the Minister able to outline whether that was discussed and at what stage that process is?