11:59 The Parliamentary Under-Secretary of State for Foreign, Commonwealth and Development Affairs (Leo Docherty)

The true legacy of this terrible war will be a Ukraine that is more modern, innovative, resilient and green. To support this, G7 Governments committed to develop a new clean energy partnership with Ukraine to accelerate the transition to a green energy system that is secure, sustainable, resilient and integrated with Europe, and the conference launched the InnovateUkraine green energy challenge fund to accelerate low-carbon, affordable energy innovation. Ukraine’s partners announced a new tech partnership to help realise the amazing potential of Ukraine’s burgeoning tech ecosystem. With Ukraine we announced a new tech bridge to facilitate investment and support talent between the British and Ukrainian tech sectors. In the interest of encouraging private sector investment, President Zelensky reaffirmed his commitment to the reform path and towards EU membership, which was welcomed by Ukraine’s partners at the conference.

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12:06 Stephen Doughty (Labour)

The Prime Minister was right to say yesterday that prior to this barbarous invasion Ukraine was becoming a huge focal point for foreign investment and interest. Across agriculture, raw materials, start-ups, renewable energy and technology, to name just a few sectors, there was so much promise in Ukraine, and it is in the interests of all of us, and most importantly of the Ukrainian people, that Ukraine gets back on a solid economic footing and becomes that internationally competitive nation once again. So Labour welcomes the multi-year commitments made to Ukraine yesterday, including the loan guarantees and other measures that will be critical in shaping Ukraine’s future. Can the Minister provide more information on the timescale for those loan guarantees? How many deals are already in the pipeline as a result of them? Can he also say a bit more about the risk insurance framework, and what role London, as a leading international insurance market, will play?

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