The United Kingdom has expressed its readiness to transfer to Ukraine GBP 8 billion (approximately USD 10.6 billion) of frozen russian assets currently under London's control.
It was reported by The Times.
The article states that ministers are ready to transfer GBP 8 billion of russian assets frozen in the UK to support Ukraine. According to the journalists, the British government emphasizes that the russian leader vladimir putin is an "active threat to the UK's citizens, security and prosperity."
As part of increasing international pressure on the kremlin, London is negotiating with the EU, as well as a number of partners, including Canada, which could provide up to GBP 100 billion to meet Ukraine's defense needs.
The Times also notes that this is an amount that could cover more than two-thirds of Ukraine's financial needs for the next two years, regardless of whether the war continues or reconstruction begins in the event of a peaceful settlement.
The use of frozen russian assets was discussed this week at a meeting of NATO foreign ministers in Brussels. They discussed a possible mechanism for unblocking the USD 10.6 billion held in the UK, but no final decision has been made yet.
Earlier, the European Commission proposed to give Ukraine a "reparations loan" of EUR 140 billion, secured by russian assets frozen after the start of the full-scale invasion.
Meanwhile, Merz called on EU countries to share among themselves Belgium's risks related to russian assets.
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