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Evening Standard
Evening Standard
Politics
Christopher McKeon

UK to explore ‘reparations loan’ for Ukraine using frozen Russian assets

United Kingdom Ukraine Russia Rachel Reeves European Union
Rachel Reeves is set to announce plans for the UK to explore providing a ‘reparations loan’ to Ukraine backed by frozen Russian assets (Toby Melville/PA) - (PA Archive)

Rachel Reeves will announce plans to explore using frozen Russian assets to fund a “reparations loan” that could provide billions of pounds for Ukraine’s war effort.

The Chancellor is expected to make the announcement at a meeting with her European counterparts in Copenhagen on Saturday, saying it is “right to explore all options to support Ukraine”.

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