UK to provide Ukraine with $2.93 billion loan from frozen Russian assets
The UK will provide Ukraine with a loan of £2.26 billion (about $2.93 billion). The loan will be repaid from the proceeds of the frozen assets of the Russian Federation.
Source: British government website
The new 2.26 billion pounds is the UK's contribution to the G7 loan program for Ukraine, under which $50 billion from G7 countries will be provided to Ukraine for military, budgetary and reconstruction needs.
The loan will be repaid from the proceeds of frozen Russian assets.
Literally: "The UK loan of £2.26 billion is intended to provide budgetary support for Ukraine's military expenditure, enabling the Ukrainians to invest in key equipment to support their efforts against Russia, such as air defense, artillery and wider technical support. This aid is in addition to the existing £3 billion a year of military assistance to Ukraine that the Prime Minister confirmed during his first week in office.”
Author - Dmitriy Levchenko, 22/10/2024
