Brief by Shorts91 Newsdesk / 12:55pm on 22 Oct 2024,Tuesday International
The UK will lend Ukraine £2.26bn to fund weapon purchases, as part of a broader $50bn loan program backed by G7 nations. The loans will be repaid using interest from $300bn of frozen Russian assets held in the West. Chancellor Rachel Reeves emphasized the funds' legality, clarifying that assets won't be confiscated but profits generated will aid Ukraine. This announcement precedes the IMF and World Bank meetings in Washington DC. With the U.S. potentially providing $20bn, concerns rise over Donald Trump’s stance on future Ukraine aid as the presidential election looms.
