Ukrainian President Volodymyr Zelensky and UK Prime Minister Keir Starmer recently inked a significant agreement to expedite $2.8 billion in loans to Ukraine. This move aims to bolster the financial support for Ukraine amidst ongoing geopolitical tensions.
The loan, as announced by the UK’s Chancellor of the Exchequer Rachel Reeves, will be repaid using revenues generated from frozen sovereign Russian assets. Reeves emphasized that this agreement underscores the UK’s unwavering commitment to supporting the Ukrainian people during these challenging times.
During the virtual meeting, Ukraine’s Minister of Finance Serhiy Marchenko expressed gratitude for the timely agreement, highlighting its crucial importance for the country. The loans, totaling $2.8 billion, are in addition to the UK’s annual funding of approximately $3.7 billion provided to Ukraine, showcasing a sustained commitment to the nation’s stability and development.
Reeves also noted the bipartisan backing for the agreement within the UK Parliament, emphasizing the collective effort to ensure the territorial integrity of Ukraine. She stressed that the financial support not only serves to strengthen Ukraine’s security but also contributes to the stability and prosperity of the broader European region.
