UK to give Ukraine loan using frozen Russian assets

The funding comes as part of a wider US$50bil package this year from the Group of Seven nations and the European Union that was announced in June. — Bloomberg

London: Britain will loan Ukraine £2.3bil or about US$2.9bil to purchase military equipment, paid for by profits generated by frozen Russian assets.

The funding comes as part of a wider US$50bil package this year from the Group of Seven (G7) nations and the European Union (EU) that was announced in June.