Russian Frozen Assets (Seizure and Aid to Ukraine) Bill

A Bill to make provision about the seizure of frozen assets connected to the Russian Federation; to require the Secretary of State to publish recommendations about the use of such assets to fund military, reconstruction and humanitarian work in Ukraine; and for connected purposes

Originating House

House of Commons

Sponsor

Calum MillerLiberal Democrat

Parliament last updated

25 February 2026

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

The Bill would create a framework to seize frozen assets linked to the Russian Federation and require the government to publish recommendations on how those assets could be used to support Ukraine, including for military, reconstruction and humanitarian work. It aims to ensure any use of seized assets is guided by these published recommendations and for related purposes.

Key Points

Provides a framework to seize and repurpose frozen assets tied to Russia that are held in the UK.
Requires the Secretary of State to publish guidance on how such assets could fund Ukraine’s military, reconstruction and humanitarian needs.
Covers funding for military, reconstruction and humanitarian work in Ukraine, and related purposes under the bill’s scope.
Originates in the House of Commons; currently at its second reading, sponsored by Calum Miller (Liberal Democrat).

Progress

The bill has completed its first reading in the Commons (November 2025) and is due for its second reading in April 2026. If it passes, it would move to the House of Lords for further consideration.

Who is affected?

Banks, financial institutions and asset managers with frozen Russian assets in the UKOwners of frozen Russian assetsUK government departments involved in sanctions and asset managementUkrainian humanitarian, reconstruction and military aid organisations and beneficiariesThe UK public/taxpayers who may benefit from or be affected by asset useLegal and professional advisers handling sanctions and asset management

Generated 21 February 2026

Bill Stages

1st readingCommons

11 Nov 2025

2nd readingCommons

17 Apr 2026

Committee stageCommons

Report stageCommons

3rd readingCommons

1st readingLords

2nd readingLords

Committee stageLords

Report stageLords

3rd readingLords

Royal Assent

Updates & Documents

News (1)

Russian frozen assets (seizure and aid to Ukraine

12 Nov 2025

The next stage for this Bill, Second reading, is scheduled to take place on Friday 17 April 2026, although the House of Commons is not expected to be sitting on that date.

This is a Private Members' Bill and was introduced to Parliament on 11 November 2025 under the Ten Minute Rule.

Parliamentary Votes (0)

No recorded votes for this bill yet.