London Grants Multimillion Loan to Ukraine for Military Equipment
World
The United Kingdom has allocated £752 million to Ukraine under the G7 program. The loan will be repaid using proceeds from Russian assets.
On Monday, April 14, 2025, the UK made its second payment to Ukraine in the amount of £752 million (approximately €875 million) under the G7 loan initiative — the Extraordinary Revenue Acceleration Loans for Ukraine (ERA). This was announced in a press release published on the official website of the UK government.
It is noted that this payment is part of a larger loan package worth £2.26 billion (approximately €2.63 billion), which will be repaid through extraordinary revenues generated from frozen Russian state assets held in the European Union. The agreement was signed on March 1 by UK Chancellor Rachel Reeves and Ukraine's Finance Minister Serhiy Marchenko.
"This financial aid will allow Ukraine to purchase critical military equipment, including urgently needed air defense systems. The funds are being provided at a time when Russia continues air assaults on Ukrainian cities, including Sumy," the UK government said in its April 14 statement.
London emphasized that the funds spent on supporting and servicing the equipment acquired through this financing will mostly be used in the UK, contributing to the country's economic growth and the creation of skilled jobs.
"A strong Ukraine is vital for the national security of the United Kingdom. This second tranche will help Ukraine maintain a strong position and contribute to our collective security," said UK Finance Minister Rachel Reeves.
The G7 countries plan to allocate a total of $50 billion in support of Ukraine under the ERA program.
The UK's £2.26 billion loan is divided into three phases. The first tranche was delivered to Ukraine on March 6, and the final installment is expected in 2026.
It is noted that this payment is part of a larger loan package worth £2.26 billion (approximately €2.63 billion), which will be repaid through extraordinary revenues generated from frozen Russian state assets held in the European Union. The agreement was signed on March 1 by UK Chancellor Rachel Reeves and Ukraine's Finance Minister Serhiy Marchenko.
"This financial aid will allow Ukraine to purchase critical military equipment, including urgently needed air defense systems. The funds are being provided at a time when Russia continues air assaults on Ukrainian cities, including Sumy," the UK government said in its April 14 statement.
London emphasized that the funds spent on supporting and servicing the equipment acquired through this financing will mostly be used in the UK, contributing to the country's economic growth and the creation of skilled jobs.
"A strong Ukraine is vital for the national security of the United Kingdom. This second tranche will help Ukraine maintain a strong position and contribute to our collective security," said UK Finance Minister Rachel Reeves.
The G7 countries plan to allocate a total of $50 billion in support of Ukraine under the ERA program.
The UK's £2.26 billion loan is divided into three phases. The first tranche was delivered to Ukraine on March 6, and the final installment is expected in 2026.
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