The UK will allocate 2 billion pounds to finance Ukraine's defense needs
Kyiv • UNN
Ukraine and the United Kingdom have signed an agreement on a 2 billion pound loan to finance defense needs. The funds will be used to purchase modern weapons and equipment in accordance with NATO standards.
The United Kingdom and Ukraine have signed an agreement providing for a loan of 2 billion pounds to finance Ukraine's defense needs. This was stated by the Ministry of Defense of Ukraine, UNN reports.
Details
On behalf of the governments of Ukraine and the United Kingdom, the bilateral document was signed by Defense Minister Rustem Umerov and Defense Secretary John Healey.
The purpose of the agreement is to provide financial support for strengthening Ukraine's defense capabilities, including the purchase of modern weapons, military equipment and other defense means in accordance with NATO standards.
The agency adds that the loan is granted for 15 years with the possibility of extension and at a favorable interest rate.
Under the terms of the framework agreement, the loan will be used for large-scale projects to develop Ukraine's defense capabilities, which will reduce the burden on the state budget and allow us to obtain the necessary weapons to protect our country in the short term, primarily in the field of air defense
It is noted that control over the targeted use of credit funds will be exercised by a joint commission, including representatives of both governments, to ensure transparency and efficient use of funds.
This agreement is one of the key elements of our strategy to strengthen the country's defense capabilities. We are grateful to our British partners for their support and are confident that this partnership will help us to ensure security and peace in Ukraine
Recall
British Prime Minister Keir Starmer said that his country would "double" its support for Ukraine. He also accepted an invitation from Ukrainian President Volodymyr Zelenskyy to visit Ukraine again in the future
