Britain plans to join the EU's €90 billion loan program for Ukraine
Kyiv • UNN
The United Kingdom plans to join the EU's 90 billion euro loan program for Ukraine. The funds will allow Kyiv to purchase British weaponry.
The United Kingdom intends to begin negotiations on joining the European Union's 90 billion euro loan plan for Ukraine. This was reported by Bloomberg, according to UNN.
Details
Prime Minister Keir Starmer is expected to announce this at the European Political Community summit in Yerevan. According to him, London seeks to strengthen cooperation with the EU to support Ukraine in its confrontation with Russia.
"When the United Kingdom and the European Union work together, we all benefit, and in these volatile times, we need to go further and faster in defense to ensure people's safety,"
Details of the initiative
The 90 billion euro EU loan program was approved last month after Hungary lifted its veto. The UK's participation will allow for the expansion of financial support for Ukraine and create opportunities for the British defense industry.
According to reports, the parties are also discussing a mechanism that would allow Ukraine to purchase British weaponry using funds from this loan.
Additional negotiations
During the summit in Yerevan, Starmer also plans to discuss the situation in the Middle East, specifically the security of shipping in the Strait of Hormuz.
These issues are expected to be linked to the need to stabilize energy markets and prevent further escalation of the conflict between the US and Iran.