UK Extends £2.26 Billion Loan to Ukraine, Underscoring Unwavering Support
In a significant move to bolster Ukraine's defense capabilities, the UK has extended a £2.26 billion loan to the nation. This agreement, signed by Chancellor Rachel Reeves and Ukrainian Finance Minister Sergii Marchenko, will be repaid using profits generated from frozen Russian sovereign assets. The first tranche of this substantial funding is expected to reach Ukraine next week.
Prime Minister Keir Starmer reaffirmed Britain's unwavering support for Ukraine during President Volodymyr Zelenskyy's visit to London. The meeting, held outside 10 Downing Street, was met with cheers from supportive crowds, highlighting the UK's commitment to Ukraine's sovereignty.
President Zelenskyy expressed gratitude for the UK's "tremendous support" since Russia's invasion, underscoring the "warm" reception he received. He also mentioned his upcoming meeting with King Charles, highlighting a shared solidarity in the face of Russian aggression.
The loan agreement and royal meeting reflect the UK's strategic focus on maintaining European unity against Russian hostilities. European leaders have expressed concern over a potential rift with the US regarding Ukraine, with plans to reinforce military support at an upcoming summit. The focus remains on increasing economic pressure on Russia and ensuring Ukraine's central role in peace negotiations.