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Government Securities: Ukraine

Question for Treasury

UIN 8966, tabled on 25 May 2022

To ask the Chancellor of the Exchequer, what steps he is taking to protect Ukraine from Russian litigation in English courts on the payment of bonds.

Answered on

7 June 2022

The UK judiciary is independent of the UK government and will make this ruling based on the arguments made before it.

In response to Russia’s invasion of Ukraine we have announced an unprecedented package of sanctions to cut off the funding for Putin’s war machine.

Our sanctions are working, including those directed at the Central Bank of Russia and Russia’s foreign currency reserves, of which around 60% are frozen globally.

Answered by

Treasury