My Lords, the noble Lord mentioned several times that he has been speaking to the UAE. Picking up the theme of the Liberal Democrat Benches, we know that the UAE has a very malign influence in aiding and abetting the financing of the Wagner Group’s activities across a range of countries, not least in Africa. We also know that it has had the same malign influence in busting Iran’s sanctions as well. The noble Lord, Lord Ricketts, raised the Government’s approach to working with allies. When are we going to be able to have those candid conversations with countries that we consider our allies but that nevertheless, in the murky shadows of international finance, seem to defy all our interests?
My other brief question is on the investment conference. I applaud the efforts of the Government there, but can the Minister say when our London war risk insurance framework will become a little more substantive than just a framework, because the outcome of that on derisking measures to increase investor confidence was quite disappointing for Ukrainians?