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HomeWorldThe UK will provide...
October 22, 2024

The UK will provide Ukraine with $2.93 billion. loan from Russia

By David
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    The UK will provide Ukraine with a loan of 2.26 billion pounds sterling (about 2.93 billion dollars).

    .

    A British loan from Britain will be assigned to provide budgetary support for Ukraine’s military expenditures. It is planned to be repaid using income from the frozen assets of the Russian Federation. This was reported on the British government website.

    The loan aims to ensure the country invests money in key equipment to support its efforts in the war launched by the Russian Federation. We are talking about air defense, artillery and “broader equipment support.” Also, this money will go in addition to the annual military aid from Britain to Ukraine in the amount of 3 billion pounds sterling.

    In London, they noted that the new 2.26 billion pounds will be a contribution to the G7 Extraordinary Revenue Acceleration (ERA) Loans to Ukraine scheme, within which 50 billion dollars. from the G7 countries will be provided to Ukraine for its military, budgetary and reconstruction needs.

    Let us remind you that the United States can provide Ukraine with a loan of $20 billion. – they are ready to transfer this amount within the 50 billion loan from the Group of Seven, which will be repaid from profits from frozen Russian assets in Europe. Negotiations on the structure of the loan totaling $50 billion. have been going on since June.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

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