Britain to pay $2.9 billion into G7 loan for Ukraine to buy weapons
22/10/2024 7:25
Britain will lend Ukraine 2.26 billion pounds ($2.94 billion) as part of a much larger planned loan from the Group of Seven nations backed by frozen Russian central bank assets to help buy weapons and rebuild damaged infrastructure.
Defence minister John Healey said the money donated by Britain would be solely for Ukraine's military and could be used to help develop drones capable of travelling further than some long-range missiles.
Healey said the use of Britain's share of the G7 loan had been a feature of talks between Ukrainian President Volodymyr Zelenskiy and Prime Minister Keir Starmer in talks in London two weeks ago and G7 defence ministers in Italy over the weekend.
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