House of Commons · Written Ministerial Statement
Statement on Ukraine
03 March 2025 · Treasury
Proposed by Rachel Reeves Lab Leeds West and Pudsey
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The UK Government has signed a 2.26 billion loan agreement with Ukraine.
- The loan agreement is part of the G7 Extraordinary Revenue Acceleration (ERA) Loans scheme.
- Parliamentary approval is sought to release the first tranche of funding immediately.
Issue summary
The statement discusses the UK's ongoing support for Ukraine, including a new loan agreement and the disbursement of funds under the G7 Extraordinary Revenue Acceleration (ERA) Loans.
Action requested
The Government has signed a £2.26 billion loan agreement with Ukraine as part of the ERA scheme and seeks parliamentary approval to release the first tranche of funding immediately, with subsequent tranches planned for future fiscal years.
Key facts
- The UK's total support for Ukraine stands at £12.8bn.
- A Loan Agreement was signed on Saturday 1 March 2025 under the G7 ERA scheme for £2.26 billion.
- The Financial Assistance to Ukraine Act 2025 received Royal Assent on 16 January 2025.
- The first tranche of funding will be £752,667,000.
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Assessment & feedback
Summary accuracy