UK, Ukraine sign loan agreement after 'meaningful and warm' visit
Share and Follow


The United Kingdom agreed to loan Ukraine around $3 billion on Saturday to support their efforts in the war against Russia after a contentious White House meeting left the world wondering about the nation’s ability to secure its sovereign borders. 

Ukrainian President Volodymyr Zelensky thanked the fellow European country for its assistance amid the conflict. 

“This loan will enhance Ukraine’s defense capabilities and will be repaid using revenues from frozen Russian assets. The funds will be directed toward weapons production in Ukraine,” the Ukrainian leader wrote. 

“This is true justice – the one who started the war must be the one to pay.”

Current funds will be pooled from the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) which is valued at $50 billion. Under the G7 ERA mechanism, Ukraine has already received $1 billion from the U.S. and Europe in addition to $3 billion from the European Union, according to Ukraine’s Ministry of Finance.

“The United Kingdom continues to stand in defense of Ukraine. Today’s agreement, which contributes to strengthening Ukraine’s defense capabilities, confirms this. I am grateful to the UK Government for this support and personally to Rachel Reeves for her significant efforts that made this agreement possible,” Ukraine’s Finance Minister Sergii Marchenko said.

The agreement follows the heated Friday Oval Office meeting, during which President Trump and Vice President Vance fired at Zelensky, accusing him of being ungrateful for U.S. support and aid. After the meeting, Trump wrote on Truth Social that Zelensky “is not ready for Peace if America is involved.”

Zelensky’s meeting with British Prime Minister Keir Starmer was notably more friendly, with the Ukrainian leader referring to it as “meaningful and warm” in a post on X,

Share and Follow
You May Also Like

Spectator Removed from MLS Game for Sporting MAGA Hat

A man was reportedly booted from a Major League Soccer match in…

Shock moment tourists flee as TORNADO smashes into Italian beach sending parasols flying into the air

THIS is the shocking moment a tornado barrelled into a packed Italian…

Tragedy as ‘fit and healthy’ volleyball player, 20, found dead at swimming pool after graduation party at Italian villa

A YOUNG volleyball player has been found dead in a swimming pool…

Israel planning new assault on Gaza after disturbing videos of emaciated hostages kidnapped by Hamas spark global fury

ISRAEL is gearing up for a new assault on Gaza after horrific…

Boy, 13, drowns wedged inside drain pipe while playing during flash floods – water rose so quickly he couldn’t escape

A CHILD has died after becoming trapped in a storm drain when…

Suspected Child Abuser and Unauthorized Migrant Involved in ICE Agent Car Incident Still at Large

Authorities in Colorado are desperately searching for a convicted child abuser who…

Neonatal nurse, 26, ‘filmed herself abusing babies in French hospital and sent sick videos to her boyfriend’

A NURSE has been charged with child abuse in France after sharing…

DNC chair says Democrats ‘absolutely’ ready to fight back against GOP redistricting

Democratic National Committee (DNC) Chair Ken Martin said on Sunday that Democrats…