The UK lends £2.26bn to Ukraine, part of a $50bn G7 package, to aid military efforts against Russia.

The UK will lend £2.26 billion to Ukraine, part of a $50 billion package from G7 nations, funded by interest from frozen Russian assets. This financial support aims to bolster Ukraine's military efforts against Russia, enhancing capabilities like air defense and artillery. The loan complements the UK's annual £3 billion support for Ukraine. New legislation is expected soon to expedite the transfer of these funds.

October 21, 2024
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