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Evening Standard

David Hughes

UK’s £2.26bn loan for Ukraine ‘can help turn the tables on Putin’s war machine’

United Kingdom Ukraine Rachel Reeves John Healey Vladimir Putin Leon Neal G7 United States

Chancellor of the Exchequer Rachel Reeves speaks with soldiers and staff at the Stanford Training Area near Thetford (Leon Neal/PA) - (PA Wire)

The UK has announced a £2.26 billion loan to help Ukraine fight Vladimir Putin’s forces, funded by profits on frozen Russian assets.

The money is the UK’s contribution to a 50 billion dollar (£38.39 billion) loan package agreed by the G7 group of nations financed through the interest on sanctioned Russian sovereign assets.

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