The debt given to Ukraine will be repaid with the profits from Russia’s fixed assets.
The UK will give Ukraine a loan of 2.26 billion pounds sterling (about 2.93 billion dollars), using proceeds from Russian fixed assets. This was reported on the British government website on Tuesday, October 22.
It was noted that the loan was intended for budget support of Ukraine’s military expenditures. It intends for the country to invest money in major equipment to support its war efforts against Russia.
We are talking about air defense, artillery and wider support equipment. This aid is in addition to London’s current military aid to Ukraine of £3 billion a year.
The British government emphasized that the debt would be repaid using the profits from Russia’s fixed assets.
The new £2.26 billion is a contribution to the G7 Extraordinary Revenue Acceleration (ERA) Loan to Ukraine scheme, which will provide $50 billion from G7 countries to Ukraine for its military, budget and recovery needs.
We remind you that Britain has announced a new aid package to Ukraine worth more than $780 million.
British Armed Forces Secretary Luke Pollard said Western allies had moved most of their weapons to Ukraine, emptying their own stockpiles.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.