The Financial Assistance to Ukraine Bill will allow the government to contribute to the G7 loan agreement to Ukraine that was agreed in June 2024.
Financial assistance to Ukraine bill 2024-25 (160 KB , PDF)
The Financial Assistance to Ukraine Bill was presented in the House of Commons on 6 November 2024 (Bill 48 of Session 2024–25).
The purpose of the bill is to allow the UK Government to provide loans and other financial assistance to the Government of Ukraine specifically arising out of the G7 agreement in June 2024 to extend $50 billion (roughly £38.6 billion) of loans to Ukraine that will be repaid using the profits from sanctioned Russian assets. The UK’s share of the loan is £2.26 billion.
Second reading has been scheduled for 20 November 2024.
Financial assistance to Ukraine bill 2024-25 (160 KB , PDF)
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