Published by Global Banking & Finance Review®
Posted on October 24, 2025
1 min readLast updated: January 21, 2026
Keir Starmer calls on European leaders to unlock frozen Russian assets to fund Ukraine's defense, highlighting UK-EU cooperation.
LONDON (Reuters) -British Prime Minister Keir Starmer said on Friday that European leaders of the so-called 'coalition of the willing' needed to agree to finish the job on using frozen Russian assets to bolster Ukraine’s defences.
"We need to agree to finish the job on Russia's sovereign assets and unlock billions to help finance Ukraine's defence," Starmer told the European leaders at the meeting in London.
"The UK is ready to move in tandem with the EU to drive this forward as fast as possible."
(Reporting by William James, writing by Sam Tabahriti)
Ukraine's defense funding involves financial resources allocated to support the country's military capabilities and defense initiatives, particularly in response to external threats.
A coalition in finance refers to a group of countries or organizations that come together to achieve common financial goals or address shared economic challenges.
The UK plays a significant role in international finance as a global financial center, facilitating trade, investment, and economic cooperation among countries.
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