Official London is calling for the unfreezing of £8 billion of Russian assets frozen in the country, which will enable Ukraine to survive against the backdrop of Russia's war of aggression.
Points of attention
- Apart from unlocking frozen assets, the EU is considering other options like finding funds from taxpayers to cover Ukraine's budget deficit.
- The move aims to not only provide short-term support to Ukraine but also to stand against Russian aggression and assist Ukraine in the long run.
Britain calls on allies to act
British Foreign Secretary Yvette Cooper made a statement on this matter.
According to the latter, Ukraine's allies should create a coordinated plan for the use of these Russian sovereign assets.
"To not only support Ukraine in the short term, but also to deliver this powerful message to Russia," the British Foreign Minister emphasized.
She drew attention to the fact that the profits from frozen assets have already been used to finance Ukraine.
As for the new plan, it involves using "cash balances" that will make it possible to finance Kyiv with a "reparation loan" for 2026 and 2027.
The European Union is also considering another alternative scenario — finding funds from British and European taxpayers to cover Ukraine's budget deficit of 137 billion euros over the next two years.
