My Lords, once again, I thank the noble Lords, Lord Collins and Lord Purvis, for their strong support of the Government’s position. As my right honourable friend the Foreign Secretary said, this is not something we share just from the Dispatch Box. My right honourable friend and I myself when I have represented the UK Government in our meetings—specifically on reconstruction in the Council of Europe as well as in associate meetings with the European Union—have made it clear in any public demonstration of support for Ukraine that it is across the board, across both Houses and all parties, and we stand as one. That message has been very clearly and warmly received by our Ukrainian allies and partners.
In thanking noble Lords, I shall pick up on some of the key issues and areas that have been raised by them. The noble Lord, Lord Purvis, raised the important issue of transparency and ensuring that parliamentarians in Ukraine are also involved. It is right to have that kind of scrutiny that any Parliament should give to the Executive. In the case of President Zelensky, that was in his mandate. It seems a long time ago now, in 2019, when he took on the mandate as president, and that was one of his key priorities. I am sure that, as the war effort continues and as Ukraine sustains and strengthens its position, and ultimately as we look towards reconstruction, that will be a very valid role for the Ukrainian Parliament.
On the Ukrainian recovery conference, I thank both noble Lords for their strong support of the Government’s efforts. There were more than 1,000 attendees—a mixture of private sector, where the aim was, but also countries at government and Foreign Minister level, and others. There was a broad level of attendance. Both noble Lords often ask me about the importance of civil society, and that was also present. Overall, there was a large sum. Although it was not a pledging conference, once you tot up all the commitments,
there was about £60 billion in terms of support. There is the immediate shortfall, which was required. I pay tribute to our colleagues, including those in the European Union. Commissioner von der Leyen made it clear how that gap would be plugged—but that was just for the next 12 months. That shows the immediate need and, of course, the importance of ensuring that we are in it for the medium and long term. I assure the noble Lord, Lord Collins, that that is exactly the message that we are delivering to our Ukrainian friends.
On asset seizures, again, the noble Lord, Lord Collins, and I have talked about this very clearly and consistently. Of course, we are monitoring and working with our partners to ensure that those responsible, which is the Russian Government against the people of Ukraine, are held accountable. It is estimated that currently, because of the various seizures that we have had, circa £18 billion is held just under UK territorial control. We are looking at key options, since it is an important but complex area, to see how those assets can also be utilised—and, of course, we are working with our key partners. There has been new legislation enabling sanctions on Russia to be maintained until Moscow pays compensation to Ukraine. We are looking at the development of a route to allow sanctioned individuals to donate frozen funds to Ukrainian reconstruction and, under the Russia financial sanctions regime, new requirements for sanctioned individuals and entities to disclose assets that they hold in the UK, as well as new requirements for those holding assets in the UK on behalf of the Russian Central Bank, the Russian Ministry of Finance or, indeed, the Russian National Wealth Fund, to disclose them to the Treasury. These are all steps being taken forward to ensure a full assessment of the money that we hold so that that money can also be utilised towards the recovery.
The noble Lord, Lord Collins, asked a specific question about BII and its predecessor. First, I assure him that the level of investment in BII’s core markets, which include Africa, south Asia, south-east Asia and the Caribbean, will not be affected by the Ukrainian mandate. That is important to recognise. However, the BII is working with key partners to ensure that its expertise in investing can also focus on Ukraine as well. BII has recently also signed an MoU with the European Bank for Reconstruction and Development to create the EBRD-G7 DFI-EDFI Ukraine investment platform, which will act as a basis for how we work through the BII.
On the issue of full support for the fight for democracy, noble Lords alluded to the widening of the alliance and ensuring that all the countries beyond the partners are involved. It is encouraging that, well beyond a year into the conflict, we have seen votes at the UN consistent with key countries across north Africa and, indeed, the Middle East, changing their position in support of Ukraine. We very much welcomed from the Middle East the first visit to Kyiv of Foreign Minister Prince Faisal, who also pledged one of the largest donations by any country in humanitarian relief. We will continue, as I did recently through my visit to the UAE, to strengthen and broaden the alliance, ensuring that we are in it for the long term, not just from the United Kingdom, US and European perspective but across the piece.
Undoubtedly, there are challenges being felt. The noble Lord, Lord Purvis, also raised the issue of Africa, which is an important partner. We are talking to them as to how the events over the weekend impacted their operations. We are of course monitoring very closely, and all agencies are on this. Of course, there is a limit to what I can share, but it is notable that, when African leaders were in Kyiv, even then Russia threw a missile at Kyiv. What was that supposed to achieve? The African leaders, including the president of South Africa, saw for themselves what was happening.
Finally, in the closing seconds of responding to Front-Bench contributions, I can say that I spoke to my noble friend Lady Goldie today, and we will look to arrange an appropriate briefing for key Peers from your Lordships’ House. We regard highly the valuable insights that noble Lords bring to this debate.
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