Loans will be repaid using interest generated by $300bn of frozen Russian assets held in the west

Britain is to lend Ukraine an additional £2.26bn and allow Kyiv to spend the money on weapons to fight off the Russian invasion as part of a wider $50bn (£38.5bn) loan programme expected to be confirmed by G7 members later this week.

The loans will be repaid using interest generated by the $300bn of frozen Russian assets held in the west, with the extra funds promised as the US heads towards a presidential election where support for Ukraine is a divisive issue.

Rachel Reeves said: “The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine.” The chancellor made the announcement alongside the defence secretary, John Healey.

    • BobrA
      43·
      29 days ago

      You misspelled Putin

      Are you sure?

      Damn, mass kidnapping people on territories he doesn’t even control (Kiev, Kharkiv, Odessa, Lviv, well every single city and village out there) seems really impessive, I wonder how does he do it…

      • Reddfugee42@lemmy.worldEnglish
        1·
        29 days ago

        Listing so many pieces of bullshit is still bullshit. But if Putin doesn’t like the results of the war he started, he can always leave.

        • BobrA
          31·
          29 days ago

          Listing so many pieces of bullshit is still bullshit.

          What is bullshit? Zelensky’s regime kidnapping people and sending them to the meat grinder? You not wanting to see it for some reason doesn’t make it false.
          https://www.lemonde.fr/en/international/article/2024/10/03/ukraine-is-employing-increasingly-controversial-methods-for-mobilization_6728127_4.html

          But if Putin doesn’t like the results of the war he started, he can always leave.

          I am sure you won’t believe me, but I’m not Putin. My friends are not Putin. My family are not Putin. Believe it or not, every other Ukrainian getting exterminated by Zelensky is not Putin as well. Could you please tell us, what do we need to do to not get kidnapped on a street and sent to die in the meat grinder? To be able to leave country to safety?