UK prepares to allocate £3bn to help Ukraine

August 03, 2022, 17:12


The main part of the money will go to the purchase of weapons for the Armed Forces of Ukraine, the remaining funds will go to finance the restoration of Ukraine

UK prepares to allocate £3bn to help Ukraine

Photo – Wikipedia

United Kingdom Chief Treasurer Nadeem Zahavi supported the provision of pre-export finance through the government agency UK Export Finance (UKEF), reports the BBC with reference to the Sky News channel.

According to Zahavi, the continuation support for Ukraine by all available means is extremely important. “We must demonstrate faith in the future of Ukraine,” he stressed.

Read also: I will become Ukraine’s best friend and continue Johnson’s work – Truss

The bulk of the planned funding – £2.3bn – is expected to go towards financing British defense exports to Ukraine, with the remaining £700m going to UK companies that Ukraine will invite to rebuild the country after the Russian invasion.

Read also: Military expert told how many missiles for the M270 and HIMARS systems are provided for in the new US assistance package

Recall, the creative director of fashion house Balenciaga Demna became the ambassador of the fundraising platform United24 in the direction of “Restoration of Ukraine”“. The initiative is to raise funds for the restoration of Ukraine’s critical infrastructure: roads, bridges, schools and hospitals.

Prepared by: Julia Melnichuk

Stay up to date with the latest developments! Subscribe to our channel at Telegram

Noticed an error?

Please select it with the mouse and press Ctrl+Enter or Submit a bug

Leave a Reply

Your email address will not be published.

Back to top button