UK strengthens national security and bolsters Ukraine’s war chest with £2.26 billion military loan.

www.gov.uk

UK strengthens national security and bolsters Ukraine’s war chest with £2.26 billion military loan.

www.gov.uk

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World News@lemmy.worldEnglish · 10 hours ago

UK strengthens national security and bolsters Ukraine’s war chest with £2.26 billion military loan

www.gov.uk

Ukraine will receive further funding to purchase essential military equipment to defend itself against Russia’s illegal invasion, as the Chancellor today announces that the Government will loan a further £2.26 billion in new money to Ukraine.

The new £2.26 billion is the UK’s contribution to the G7 Extraordinary Revenue Acceleration (ERA) Loans to Ukraine scheme, in which $50 billion from G7 countries will be delivered to Ukraine for its military, budget and reconstruction needs. The loan will be repaid using the extraordinary profits on immobilised Russian sovereign assets.

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