“The British government has abandoned its own initiative to direct about 8 billion pounds of frozen Russian assets stored in British banks to support Ukraine.”, — write: www.pravda.com.ua
Illustrative photo: Getty Images Source: “European truth” with reference to Financial Times
Details: British officials said on Friday that London would not unilaterally use frozen Russian assets in Britain to help Kiev, as it planned to do so only in conjunction with Australia, Canada and the EU.
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“We will not act without international partners,” said a representative of the British government, adding that Britain “will continue to work closely with the G7 and the EU on financing Ukraine.”
British Finance Minister Rachel Reeves said separately that Britain will “immediately” work with partners to provide Kyiv with the necessary funding.
On Friday, British officials said they would redirect $2 billion in World Bank lending guarantees, rolling over current commitments to 2026 for Ukraine’s “immediate financial needs.”
As you know, the European Council agreed to provide A loan to Ukraine in the amount of EUR 90 billion for 2026-2027 based on EU borrowings on capital markets secured by EU budget reserves.
At the same time, against the background of the loan, the European Union reminded Ukraine of the importance further fight against corruption.
Read also: A night more expensive than 90 billion. How the EU avoided a disaster and saved the stability of Ukraine.