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UK approves 2.26 billion loan for Ukraine using frozen Russian assets

The U.K. has approved a £2.26 billion military loan for Ukraine, utilizing profits from frozen Russian assets. This decision follows a G7 agreement to allocate profits from approximately $280 billion in sanctioned Russian sovereign assets to support Ukraine amid ongoing conflict. The initiative aims to raise a total of $50 billion through the Extraordinary Revenue Acceleration Loans for Ukraine scheme.
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United States Dollar British Pound Sterling Euro Russian Ruble Leon Neal/Getty Images Apple Inc. GBR RUS UKR John Healey Leon Neal Show more
Finance & Economy, News Article
10:51 22.10.2024
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