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Reuters
Reuters
Business

UK confirms further $500 million in loan guarantees for Ukraine

Ukrainian service members ride tanks, as Russia's attack on Ukraine continues, near the front line city of Chasiv Yar, Ukraine April 10, 2023. REUTERS/Oleksandr Klymenko

Britain is ready to provide an extra $500 million of loan guarantees to Ukraine, taking the total this year to $1 billion, British finance minister Jeremy Hunt said on Wednesday.

Hunt said the British loan guarantees had been important to underwrite a broader $15.6 billion four-year package of support for Ukraine from the International Monetary Fund, whose Spring Meetings he is attending in Washington.

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