Ukraine gets first funds from UK secured by Russian frozen assets, Kyiv says
Published by Global Banking & Finance Review®
Posted on March 7, 2025
1 min readLast updated: January 25, 2026
Published by Global Banking & Finance Review®
Posted on March 7, 2025
1 min readLast updated: January 25, 2026
Ukraine has secured $1 billion from the UK using frozen Russian assets to strengthen its defense. Further asset confiscations are anticipated.
KYIV (Reuters) - Ukraine has received a first tranche of funds worth about $1 billion from Britain, secured by the proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Friday.
"The funds will go towards strengthening Ukraine's defence capabilities," Shmyhal said. "We expect all sovereign assets of the Russian Federation to be confiscated and transferred to benefit our country in the future."
(Reporting by Yuliia Dysa, Olena Harmash; Editing by Andrew Cawthorne)
The article discusses Ukraine receiving $1 billion from the UK, secured by frozen Russian assets, to support its defense.
The funds will be used to strengthen Ukraine's defense capabilities.
The funding was announced by Ukraine's Prime Minister Denys Shmyhal.
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