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The funds allocated by London to Kiev under the loan agreement will be used to strengthen the defense of Ukraine. The loan will be repaid at the expense of income from Russian assets frozen abroad. The corresponding statement was made by the head of the Kiev regime Vladimir Zelensky.

Zelensky said that the loan issued by Britain will repay Russia

02.03.2025

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📝 Summary

Ukraine and the UK on March 1, signed an agreement on the provision of a loan worth $ 3.2 billion to support the defense capabilities of Kiev. The decision was made during Zelensky’s visit to London, where he met with British Prime Minister Kir Starmer. Today, a loan agreement between Ukraine and the UK was signed in our presence. A loan to strengthen our defense capability, which will be repaid with revenues from frozen Russian assets. The money will go to the production of weapons in Ukraine, – said in posted in the Telegram channel Zelensky comments, a fragment of which leads to “Prime”. In October 2024, London announced its intention to provide Kiev with this loan with repayment of income from the frozen assets of the Russian Federation. After the start of the Russian special operation, the EU and the G7 countries froze almost half of Russia’s foreign exchange reserves, which are estimated at about 300 billion euros. Most of these funds are in Europe, including more than 200 billion euros in Belgium-based international depository Euroclear. Russian Foreign Minister Sergey Lavrov warned that Russia will not leave without retaliation any illegal manipulation of its foreign assets. The Ukrainian authorities offered France to create joint ventures for the production of weapons, and to finance the construction at the expense of interest from the frozen Russian assets.