UK announces $500 million in loan guarantee for Ukraine
The humanitarian aid will help Ukraine's government make winter support payments to three million households. The post UK announces $500 million in loan guarantee for Ukraine appeared first on Euromaidan Press.
British Prime Minister Rishi Sunak announced new financial contributions to support Ukraine on 5 October while attending the European Political Community summit in Granada, Spain.
The UK will provide a fourth World Bank loan guarantee worth $500 million. This will help Ukraine’s government make vital winter payments to three million households, according to the British government’s report.
Other planned tranches include $41 million for UN agencies and charities providing housing and winter clothing, plus $12 million for domestic electricity that could be disrupted by Russia attacking critical energy infrastructure. report reads
Sunak and Ukrainian President Volodymyr Zelenskyy also met bilaterally at the summit, discussing the need to sustain international backing for Ukraine, security cooperation, and operation of Ukraine grain export routes in the Black Sea, Zelenskyy said on Twitter.
During our meeting, @RishiSunak and I discussed efforts to secure lasting global support for Ukraine.
Ukraine and the UK will continue and expand defense cooperation.
We also discussed grain export routes and agreed on the need to protect freedom of navigation in the Black Sea. pic.twitter.com/4EmLs976JK
— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) October 5, 2023
In June 2022, the UK announced a three-year financial aid package for Ukraine anchored by $3 billion in loan guarantees to the World Bank.
The package includes more than 70 combat and logistic vehicles, thousands of rounds of ammunition for Challenger 2 tanks, and a 50 million pound ($64.7 million) support package for equipment repair.
Read also:
- Germany to transfer additional Patriot system to Ukraine
- Spain to send six Hawk air defense systems to Ukraine
- Zelenskyy meets with Armenian Prime Minister for the first time
- Bild: Germany has no plans to send Taurus missiles to Ukraine
You could close this page. Or you could join our community and help us produce more materials like this.
We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society.
A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support.
The post UK announces $500 million in loan guarantee for Ukraine appeared first on Euromaidan Press.
