The UK is ready to guarantee up to $500 million in loans to support Ukraine, Report informs referring to the UK Government website.
The UK stands ready to offer guarantees of Multilateral Development Bank (MDB) lending for projects that will support economic stability and vital reforms such as tackling anti-corruption.
“We are putting our money where our mouth is and using Britain’s economic expertise and strength to support the people of Ukraine. These guarantees can help inject vital capital into Ukraine and help its economy weather the storm of Russian aggression,” Foreign Secretary Liz Truss said.
“Britain stands four-square behind Ukraine and its people. We stand ready to offer direct economic support, providing defensive weapons, and exposing Russian attempts to engineer fake pretexts for invasion,” she noted.
In December, the UK also increased the amount of financial support available to Ukraine from UK Export Finance (UKEF) – to £3.5 billion – and signed a new treaty that will help Ukraine access the world-class UK supply chain to enhance its naval capabilities.
This economic support comes on top of increased support for military equipment from the Ministry of Defense and enhanced support to the humanitarian system in Ukraine.