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Britain to allocate 2.26 billion pounds to Ukraine: what will the money be used for

Kyiv • UNN

 • 67970 views

The UK will provide Ukraine with a loan of 2.26 billion pounds to strengthen its defense capabilities. The funds are secured by frozen Russian assets.

Britain to allocate 2.26 billion pounds to Ukraine: what will the money be used for

Ukraine will receive 2.26 billion pounds from the UK for defense. This was reported by the Minister of Finance of Ukraine Sergiy Marchenko, UNN reports.

Details

The United Kingdom has decided to provide Ukraine with a loan of 2.26 billion pounds (about $3.2 billion) to strengthen its defense capabilities. 

The document was signed during a meeting between Minister of Finance of Ukraine Sergii Marchenko and Chancellor of the Exchequer of the Exchequer of the United Kingdom Rachel Reeves.

Another significant step in strengthening Ukraine's defense capabilities. Together with the President of Ukraine Volodymyr Zelenskyy and the Prime Minister of the United Kingdom, Keir Starmer, we signed an agreement worth £2.26 billion for military needs. These funds are secured by Russian frozen assets. I am grateful to the UK for bringing the aggressor to justice for the war

- the minister said in a statement.

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