In a significant move to bolster Ukraine’s defense capabilities, the United Kingdom has extended a £2.26 billion loan to Ukraine. The agreement, signed by Chancellor Rachel Reeves and Ukrainian Finance Minister Sergii Marchenko, will be repaid using profits generated from frozen Russian sovereign assets. The first tranches of this substantial funding are expected to reach Ukraine as early as next week.
During a visit with President Volodymyr Zelenskyy in London, British Prime Minister Keir Starmer reiterated the UK’s “unwavering support” for Ukraine. Unlike the tense atmosphere of Zelenskyy’s recent meeting with former U.S. President Donald Trump, the Ukrainian leader described his encounter with Starmer as “warm.” Starmer emphasized his “absolute determination…to achieve what we both want to achieve, which is a permanent peace—a permanent peace for Ukraine based on sovereignty and security for Ukraine, so important to Ukraine, so important to Europe, and so important to the United Kingdom.”
The meeting took place outside 10 Downing Street, where Starmer received a warm reception from supportive crowds, reflecting Britain’s strong commitment to Ukraine’s sovereignty.
Reports suggest that the UK may unlock billions of pounds worth of frozen Russian assets to further aid Ukraine’s military efforts. If implemented, this would mark the first time such assets have been redirected for military purposes. This move aligns with the UK’s strategic goal of increasing economic pressure on Russia while bolstering Ukraine’s defense capabilities.
President Zelenskyy expressed gratitude for the UK’s “great support” since the Russian invasion began three years ago and highlighted the “warm” reception he received during his visit. “We are happy and counting on your support,” Zelenskyy noted, underscoring the importance of the UK-Ukraine partnership.
Zelenskyy also emphasized the UK’s active involvement and expressed his eagerness to meet King Charles, who has previously spoken of the “determination and strength” of the Ukrainian people. “I am very glad that His Majesty the King accepted my meeting tomorrow,” Zelenskyy said, highlighting the shared solidarity in the face of Russian aggression.
The loan agreement and the royal meeting reflect the UK’s strategic focus on maintaining European unity against Russian hostility.
Meanwhile, European leaders have expressed concerns about potential strains with the U.S. regarding Ukraine, as they plan to strengthen military support at an upcoming summit. The focus remains on intensifying economic pressure on Russia and ensuring Ukraine’s central role in peace negotiations.
In a separate development, U.S. President Joe Biden and Vice President Kamala Harris criticized former President Donald Trump, accusing him of lacking gratitude for the significant U.S. aid provided to Ukraine following Russia’s invasion in 2022.
