The $3 billion U.K. loan for military resources will be paid for by the profits generated from frozen Russian assets.
Ukraine will receive a $3 billion loan from the United Kingdom to purchase military equipment, paid for by the profits generated from frozen Russian assets.G7 members collectively froze about $280 billion of Russian central bank assets in response to Putin's invasion of Ukraine.The vast majority of funds are in Europe and are expected to generate about $3-5 billion in profits a year.According to a release by the U.K.
in making sure Ukraine prevails.'Reeves said that Britain wanted to get its portion of the package to Ukraine as quickly as possible.'Our support for Ukraine and her men and women in their fight for freedom from Putin's aggression is unwavering and will remain so for as long as it takes,' said Reeves.'This new money is in Britain's national interest because the front line of our defense—the defense of our democracy and shared values—is in the Ukrainian trenches.
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