Ukraine and Britain have signed a $ 3 billion loan agreement for defense needs
Cyrus Starmer, Volodymyr Zelenskyy and Rachel Rivz while signing the agreement, photo AFP Via Getty Images
Ukraine and the United Kingdom have signed a loan agreement worth about $ 3 billion in Ukraine's defense needs.
Source: Ministry of Finance of Ukraine
Literally: « Today, the Minister of Finance of Ukraine Sergey Marchenko and the Treasury Chancellor Rachel Rivz signed an agreement to provide Ukraine with 2.26 billion pounds (about $ 3 billion).
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President of Ukraine Volodymyr Zelensky and Prime Minister of Great Britain Kir Starmer took part in the signing ceremony, which took place in the online format.
Funds are part of the Extraordinary Revenue Acceleration for Ukraine (ERA) of the G7 countries with a total of $ 50 billion. The loan will be serviced and repaid at the expense of future profits derived from immobilized Russian sovereign assets.
Financing is provided for 30 years. The raised funds will be directed to finance the purchase of defense materials, according to the needs of the Ukrainian side. «
Details: The Ministry of Finance reminds that, within the framework of the Extraordinary Revenue Acceleration for Ukraine (ERA), G7 Ukraine has already received $ 1 billion from the US and EU 3 billion from the EU.
That preceded: Zelensky arrived in negotiation with the old man Around 7:30 pm Kyiv time.
Stamer assured that Britain would continue Ukraine's support for « as much as it will be needed. »
