UK lends Ukraine £2,26 billion

The loan was signed in an online ceremony by British Finance Minister Rachel Reeves and her Ukrainian counterpart Serhiy Marchenko, and will be repaid from profits from frozen Russian money.

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Zelensky and Starmer, Photo: Reuters
Zelensky and Starmer, Photo: Reuters
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The United Kingdom and Ukraine signed a loan agreement today for 2,26 billion pounds (almost 2,74 billion euros) to support Kiev's defense capabilities.

London presented the agreement as a sign of "unwavering support for the Ukrainian people."

The loan was signed in an online ceremony by British Finance Minister Rachel Reeves and her Ukrainian counterpart Serhiy Marchenko, and will be repaid from profits from frozen Russian money.

The signing in London was attended by British Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelensky, whom Starmer received in Downing Street today.

During his meeting with Zelensky, Starmer stressed Britain's support for Ukraine, and Zelensky expressed gratitude to Britain for its "great assistance since the very beginning of the war."

Zelensky arrived in London early this afternoon and met with Starmer, and tomorrow he will be received by King Charles III and participate in a summit with European officials.

Tomorrow's summit in London is set to bring together fifteen European leaders on issues related to European security and Ukraine. In addition to representatives from NATO and the EU, Ukraine, France, Germany, Italy, the Netherlands, Spain, Finland, Sweden, Denmark, the Czech Republic, Poland, Romania and Turkey will be present.

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