UK to provide $500M in loan guarantees to Ukraine

The United Kingdom will provide $500 million in loan guarantees to Ukraine, Finance Minister Sergii Marchenko wrote on Facebook, Report informs, citing RBC Ukrayna.

In his words, Rishi Sunak positively responded to the earlier call on partner countries to donate a portion of resources to the Ukrainian budget, which would allow the Ukrainian government to secure all social expenditures and social programs.

According to Marchenko, Rishi Sunak also confirmed that the United Kingdom is ready to join the efforts to promote the involvement of other countries and financial organizations in two new mechanisms of providing financial assistance to Ukraine, i.e. the World Bank Trust Fund and the IMF’s special donor account for Ukraine.