Espreso Global aid to Ukraine UK sends nearly $1 billion in frozen Russian assets to Ukraine

UK sends nearly $1 billion in frozen Russian assets to Ukraine

14 April, 2025 Monday

20:43

On April 14, the UK sent £752 million ($990 million) to Ukraine for the purchase of air defense systems and artillery, as part of the Group of Seven's loan mechanism using frozen Russian assets

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Reuters reported the information.

"The world is changing before our eyes, reshaped by global instability, including Russian aggression in Ukraine," said British Finance Minister Rachel Reeves.

As Reuters recalled, the tranche made on Monday is the second of three payments totaling 2.26 billion pounds. The first was made on March 6, and the final one is due in 2026.

As a reminder, on March 7, Prime Minister of Ukraine Denys Shmyhal announced that Ukraine had received the first 752 million pounds from the United Kingdom, secured by proceeds from frozen Russian assets.