United Kingdom to Provide Ukraine with Significant Loan

A loan agreement of 2.26 billion pounds sterling (approximately three billion US dollars) was signed by Ukrainian Finance Minister Sergey Marchenko and UK Chancellor of the Exchequer Rachel Reeves, according to Ukraine's Ministry of Finance.
Ukrainian President Volodymyr Zelenskyy and UK Prime Minister Keir Starmer participated in the signing ceremony, which was held online.
The loan will be serviced and repaid using income from frozen Russian assets. The financing is provided for 30 years. The funds raised will be directed toward purchasing defense materials according to the needs of the Ukrainian side, states the official announcement from Ukraine's Ministry of Finance.
The loan is part of the Extraordinary Revenue Acceleration for Ukraine mechanism (an emergency lending program for Ukraine) by the G7 countries, with a total volume of 50 billion US dollars.
Under this mechanism, Ukraine has already received one billion dollars from the US and three billion euros from the EU.
BBC reports that after meeting with the Ukrainian President, the UK Prime Minister spoke by phone with Donald Trump and French President Emmanuel Macron.
The details of these conversations were not disclosed.
On Sunday, March 2, Volodymyr Zelenskyy will participate in a summit on Ukraine.
Original Author: Oksana Matvienko
Latest news
- New Government Housing Already Falling Apart In The Turkistan Region
- Police Major Found Unconscious, Woman Dead in Qaraganda Station Incident
- Kazakhstan: Court Upholds Government’s Decision to Change Time Zone
- Kazakhstan Sets Regulations for Industrial Hemp Cultivation
- Kozhamzharov’s Team: Transparency Intl. Rep Says Duissenov May Hold Sensitive Information
- ExxonMobil to Lay Off 2,000 Employees Worldwide
- Residents Of Aqtobe’s Oldest District Live In Dirt And Darkness
- Villagers Blame Factory for Livestock Deaths in East Kazakhstan
- Armenian PM Says Peace with Baku Doesn’t Require Amending Constitution
- Kazakhstan Launches Unified QR Payment System
- Kazakhstan’s Economy Grows — But Real Incomes Are Falling
- Asset Recovery: Kazakhstan Re-Auctions Luxury Jewelry, Watches, and Collectibles at Reduced Prices
- Poland Detains Ukrainian Suspect in Nord Stream Sabotage at Germany’s Request — RFM24
- Villager Kills Wife And Son In Qostanay Region
- Dual Citizenship Scandal Surfaces Amid Corporate Raiding Allegations in Shymkent
- Poachers Ram Patrol Boat in Atyrau, Throw Border Guard Overboard
- Toqayev Expressed Support For Donald Trump’s Peace Plan For The Gaza Strip
- Conscript Hospitalized With Psychiatric Diagnosis
- Toqayev Opens New China-Linked Railway to Boost Kazakhstan’s Freight Capacity
- How Journalists and Archaeologists Searched for the Treasures of an Ancient State — and What They Found